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Market Watch
Sep 26 - Oct 1, 2001

H&M Reports 29 Percent Profit Rise

NEW YORK, Oct 1, 2001/ -- Swedish retailer Hennes & Mauritz (H&M) still plans to open 10 new U.S. stores and a further six stores in Germany despite economic uncertainty following the September 11 terrorist attacks in the United States. [more]

LVMH Names Antonio Belloni New Group Managing Director

PARIS, Sep 27, 2001/ --- LVMH Moet Hennessy Louis Vuitton, the world's largest luxury conglomerate, has appointed Antonio Belloni as its new Group Managing Director. [more]

Gucci Lowers Full-Year Profits Forecast, Announces Second-Quarter Sales Increase

NEW YORK, Sep 26, 2001/ -- Fashion house and luxury goods group Gucci Group N.V. announced today that group sales in the second quarter ending July 31, 2001 rose 7.6 percent to $534.5 million as net profit climbed to $83 million from $81 million for the same period in 2000. [more]

BCBG Names Ben Malka President, Makes Four Other Top Appointments

NEW YORK, Sep 26, 2001/ -- Ben Malka, a seven-year BCBG Max Azria vet, has been named president of the company, effective immediately. Azria himself, who previously held the post, will remain designer, chairman and CEO. [more]

Steven Madden, Ltd Updates Guidance; Appoints New President

DALLAS, Sep 26, 2001/ FW/ --- In an announcement two days ago, Steven Madden, Ltd, announced that for the third quarter, the company reaffirms the current analyst consensus estimate of $0.41 per diluted share. [more]

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