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Bangladesh textiles unravelled by price war and protests 07-02-2009
Bangladesh's main export earner has been rocked by the global economic downturn which has brought runaway growth to a juddering halt and this week prompted violent protests over wage cuts by tens of thousands of garment workers. |
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Silver miner Coeur D'Alene lowers debt level 07-02-2009
Silver producer Coeur d'Alene Mines Corp said it lowered its convertible debt by 37 percent, or $150 million, in the first half of 2009. |
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Lush cosmetics boutique in Paris hosts body-piercing shark protest 07-02-2009
A Paris activist pierced her skin with giant fishhooks and hung herself from the ceiling of a boutique in a radical protest at the threat of extinction facing the world's sharks. |
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Escada CEO says bond swap will be close call 07-02-2009
The Chief Executive of German luxury fashion house Escada said feedback for a crucial bond exchange to ensure the company's financial viability was mainly positive, but its success was uncertain. |
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India gives itself 100 days to straighten out the textile industry 07-02-2009
The Indian Ministry of Textiles specified details of a 100 day plan to help the textile industry. Further to the launch of two new textile parks, aid for 150,000 weavers and financial support for exporters in finding new markets have been promised. |
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ASOS crowns a successful year 07-02-2009
The UK’s “Aim Company of the Year”, ASOS plc, has crowned a successful year by winning the prestigious “Grand Prix for best overall investor relations” for Companies at the IR Magazine UK & Continental Europe Awards 2009. |
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Hong Kong retail sales slump 6.2 percent in May 07-02-2009
Hong Kong retail sales slumped 6.2 percent year-on-year in May as consumers continued to stay away from luxury goods amid the economic downturn. |
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Polo Ralph Lauren extends deal to dress US Olympic teams 07-02-2009
Fashion company Polo Ralph Lauren Corp has agreed to design and create outfits for the American team in the Olympic and Paralympic games in 2010 and 2012, extending a deal it entered into for the Beijing games last year. |
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Aquarius Platinum: Everest restart not a priority 07-02-2009
Aquarius Platinum's Everest mine could be more than a year away from resuming production given weak markets and a planned acquisition, a spokesman for the world's fourth-biggest platinum producer said. |
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Aeon to open more discount stores 07-02-2009
Japanese retailer Aeon Co Ltd plans to open more discount stores to target frugal consumers by pricing products 20% to 30% lower than other supermarkets. |
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Financial crisis helps Berlin take root for fashionistas 07-02-2009
Berlin is slowly but surely establishing itself as one of the top global catwalks for the bold and the beautiful of the world of high fashion – and the global financial crisis seems to be doing nothing to slow it down. |
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Retail slump dents Seven & I's first quarter profit 07-02-2009
Japan's largest retailer, Seven & I Holdings, reported a 17.5% drop in first-quarter profit as cost-cutting failed to offset sharp sales declines at its department stores and supermarkets. |
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Chopard sees 20% sales drop in 2009 07-02-2009
Independent Swiss watch and jewellery maker Chopard expects sales to fall 20% in 2009 and is bracing for tough conditions for the next 18 months, its co-president was quoted as saying. |
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Viktor & Rolf name Birgit Adels as CEO 07-02-2009
Just one year after coming under the wing on Renzo Rosso and his holding group OTB (Only The Brave), Viktor & Rolf have changed their CEO. The Dutch duo have entrusted management to Birgit Adels, formerly of EMI Music and Prada. |
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Triumph restructures and cuts 3,616 jobs in Asia 07-02-2009
Triumph is launching a large cost-reduction programme and as a result emotion is running high in Thailand and the Philippines, where more than 3,600 jobs have been cut following a plunge in the company’s international demand. |
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Emma Watson for Burberry 07-02-2009
Harry Potter’s friend has one more trick up her sleeve, as can be seen in the new autumn-winter 2009/2010 campaign from Burberry with Emma Watson. |
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Blogger Jane Aldridge for Urban Outfitters 07-02-2009
The blogosphere is invading the world of fashion. Leading the way is Jane Aldridge, author of the “Sea of Shoes” blog, who has just created a collection of shoes for Urban Outfitters. |
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Esprit shifts to selective distribution 07-02-2009
The German ready-to-wear clothing and accessories group Esprit is getting ready to shift to selective distribution, which will affect activity in 27 European countries. |
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Pitti Uomo sees visitor numbers drop by 8% 07-02-2009
From the 13th to the 16th of June, the Italian men’s fashion tradeshow Pitti Uomo welcomed at least 8% fewer visitors than the 20,565 seen in June 2008. According to the organizers this was an expected decrease, following on from two sets of record figures. |
