Italian jeweller Damiani posted a 40.4 percent drop in adjusted net profit in the first quarter of the financial year that started on April 1 as revenues fell. Sales hit 39.2 million euros ($60.62 million), down 8.
Adidas AG, the world's No. 2 sports goods maker, on Thursday played down the short-term business benefits of the Olympic Games but said China would become its second-largest market by the end of the year.
Shoe maker Steven Madden Ltd posted a second-quarter results that topped market estimates, helped by strong sales increases in its Madden Girl and Daniel M. Friedman brands, and backed its 2008 outlook, sending its shares up about 7 percent.
Olympic swimming champion Amanda Beard, who appeared in Playboy magazine in 2007, is to appear naked in an advertising campaign protesting against fashion furs that will be launched at the Beijing Olympics on Wednesday.
If buying clothes in a bigger size than usual leaves you feeling frumpy, you're not alone, with an Australian poll showing a third of customers find the process frustrating and reason enough to spend more on their wardrobe.
Bulgari expects sales and key profit measures to rise between 8 and 10 percent this year, narrowing a previous forecast as tough economic conditions bite, the chief executive of the Italian jeweller told Reuters.