Ray-Ban owner's profit up by 11%

Luxottica’s profit rose by 11 per cent in the second quarter after encouraging performance at its wholesale business pushed its overall results upward.

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Michael Kors opens in Palermo

Michael Kors have opened a brand new store in the city of Palermo – the first one in Sicily.

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First Tod's men's store to open in Hong Kong

Luxury Italian fashion brand Tod's are spreading their wings – and have launched the first men's store in Hong Kong.

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Walmart choose head of Asia Greg Foran to head up US stores

Walmart have chosen the head of their Asia division Greg Foran to take over the troubled US stores – replacing domestic chief Bill Simon.

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Unilever fails to meet second-quarter sales expectations

Unilever failed to meet sales expectations in the second-quarter, which they put down to a slowdown in emerging markets and declining prices in developed ones.

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Starbucks profits up by more than 10%

Starbucks has reported earnings per share of USD 0.67 for the quarter ended in June, USD 0.01 more than the figure analysts were expecting.

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John Lewis weekly sales rise 18.8%, as Waitrose contends with tough comparables

Sales rose 18.8 per cent year-on-year in the week to 19 July, as home sales rose by a third on the year before.

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Facebooks shares at record high

Facebook are flying high: what a difference two years makes.

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LVMH first half misses expectations

French luxury conglomerate LVMH posted lower profits and margins for its first half, as sales came in beneath expectations.

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Amazon posts $126m loss

Amazon is haemorrhaging cash after the online retailer’s shift towards digital content and consumer electronics businesses made for a net loss of USD 126 million - double the figure that analysts had originally forecast.

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