The judicial administrator of failed French fashion house Christian Lacroix said a bid by Italian group Borletti, associated with the Rinascente department store group and the designer himself, was "serious".
China has complained to Russia about the abrupt closure of a vast market in Moscow used by tens of thousands of Chinese merchants, and asked Moscow to take into account the two neighbours' strategic partnership.
Wrangler has chosen the autumn-winter 2009/2010 season to launch its first line of footwear in Europe. A range consisting of 26 models for men and 5 models for women will be released and will be rolled out first in Madrid and London.
Next week will be decisive for the future of the Christian Lacroix fashion house, in administration since early June, as the deadline for potential buyers to submit their offers expires on Monday 27 July.
A private equity deal is looking the most likely solution in Safilo's quest to strengthen its balance sheet, as Bain Capital remains the last contender in a race for a stake in the debt-laden eyewear maker.
Companies are taking a selective approach to reducing their impact on the environment, moving slowly on bigger investments while embracing strategies like energy efficiency and waste reduction that quickly lift profits.