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Intimate Brands Reports 10 Percent Third Quarter Sales Drop
NEW YORK, Nov 21, 2001/ --- Victoria's Secret's first-ever televised fashion show may have pulled in decent ratings for ABC last week, but the bra and panty purveyor still posted a third-quarter loss today.
[more]
Coats Revises Plans to Sell Jaeger and Viyella
NEW YORK, Nov 18, 2001/ --- It looks like Coats won't be shedding Jaeger and Viyella quite as soon as expected. The British clothing group announced that its annual profit is likely to fall short of last year's, and it's too early put the brands on the block.
[more]
Prada to Issue Convertible Bond By Year's End
NEW YORK, Nov 16, 2001/ --- To help restructure its hefty debt load and ensure future growth, a spokeswoman for Italian fashion house Prada confirmed today that it is planning to issue a 700 million euros ($625 million) convertible bond by the end of the year.
[more]
Bulgari's Third Quarter Profits Rise Just One Percent
NEW YORK, Nov 16, 2001/ --- Net profit at Italian luxury jeweler and watchmaker Bulgari SpA inched up just one percent in the first nine months of 2001 to around $50.2 million as the company noted that profits were penalized in the third quarter by lower than expected sales in September and large advertising investments.
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