Shares of Polo Ralph Lauren rose more than 7 percent to $66.55 on Wednesday before the opening bell after the company reported a higher quarterly profit, helped by strong sales, a lower tax rate and acquisitions.
Scores of top African designers and models held a show in Nairobi National Park at the weekend to raise money for victims of Kenya's post-election violence and show a different face to their continent.
Richemont, the world's second-biggest luxury products company, on Thursday May 20th posted an 18-percent rise in full-year net profit, and said it would separate its luxury business from the rest of its operations.
Italian authorities are probing fashion designers Dolce and Gabbana,creators of luxury items ranging from clothes to beachwear, sunglasses, jewelry and mobile phones, for alleged tax evasion, a report said Saturday May 18th.
From Manolo Blahnik high heels to designer dresses, the materialism of the characters in television's "Sex and the City" has made the movie version a marketing dream that some companies are paying for dearly and at least one is getting for free.