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Market Watch
Aug 5 - Aug 16, 2003
Anne Klein Soon To Be Part of Jones Apparel Group Stable
NEW YORK, Aug 15, 2003/ FW/ --- Kasper, parent company of Anne Klein reported yesterday that the Jones Apparel Group's bid for the company was approved by U.S. Bankruptcy Court.
[more]
Rubber Birkin Bag Bounces, Hermès Profits Fall Flat
DALLAS & PARIS, Aug 14, 2003/ FW/ --- It looks like the Internet is the least of Hermès' problems. Was it not only just a year ago that the 166 year-old French luxury goods retailer claimed that they are "too exclusive of a fashion house, that they do not deal with the Internet, and/or internet companies."
As it turns out, the Internet is dissiminating the information faster than traditional media, for Hermès' fight against counterfeiters.
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Gillette Files Suit For Patent Infringement Against Schick Quattro
Aug 13, 2003/ FW/ -- Men's grooming is big business. According to a report published last year, the industry is projected to be worth $8.8 billion by 2004.
[more]
Jones Apparel Wins Bid For Kasper; Acquires Anne Klein In the Process
DALLAS, Aug 8, 2003/ FW/ --- New York-based Jones Apparel Group won the auction for bankrupt Kasper A.S.L. Ltd., owner of Anne Klein brand, for $216.6 million.
[more]
Burberry CFO Announces Resignation
DALLAS, Aug 5, 2003/ FW/ --- It is not looking so bright for the U.K. luxury goods retailer Burberry Group. The company's stocks declined 2.5% today after its Chief Financial Officer Michael Metcalf announced his resignation on March 2004.
[more]
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