Jones Group Inc shares hit their lowest point in nearly 18 months a day after the apparel and footwear company reported weak preliminary holiday quarter results and warned it would struggle with high cotton costs in 2011.
The world's biggest watchmaker Swatch on Wednesday posted record sales of 6.4 billion francs (6.6 billion dollars, 4.95 billion euros) for 2010, and issued a "positive" outlook for this year.The results were up 18.
Shares in artificial knee and hip maker Smith & Nephew jumped 5 percent on Monday after a weekend report that Johnson & Johnson was considering a fresh takeover approach worth at least 800 pence a share.
Gold jewellery sales in Italy, Europe's top market by consumption, fell 15-17 percent in volume in 2010 due to weak consumer demand and are expected to post a smaller fall in 2011, a senior industry official said.
International Flavors & Fragrances has just announced that it plans to invest over $100 million in Greater Asia over the next three years. The investment will be allocated to two new manufacturing facilities located in Guangzhou (China) and Singapore.
Shares in watchmaker Swatch Group fall more than 3 percent, lagging a 0.4 percent rise in the European sector index, as investors take profits and concerns about the impact of the strong Swiss franc weigh.
The North Face has announced that it aims to double its sales turnover by 2015. The American brand, that offers outdoor gear and wear, hopes to expand its presence, particularly in Asia, and to strengthen its retailing network.
German lingerie group Schiesser has emerged from insolvency proceedings as it prepares to float on the Frankfurt Stock Exchange in the second quarter of 2011, according to a company statement issued on Tuesday.