French luxury goods maker LVMH expects strong growth for its watches and jewellery in China next year, as it seeks a stronger foothold in the country's third-tier cities, the North Asia head of the company's watch and jewellery unit said.
What's Christmas without a little indulgence and a lot of guilt, with a global survey showing two in three people occasionally treat themselves to a luxury purchase, but a third then feel bad about it.
Arafa Holding, Egypt's biggest garment exporter, reported third quarter net profit of $1.2 million, saying the sluggish economy in its key UK market had weakened earnings. Revenue for the three months was $89.5 million.
The turnaround at upmarket jeweller Theo Fennell is gathering pace, helped by endorsements from celebrities like Dannii Minogue, who sported its earrings and broach on the popular X Factor TV talent show.