Gold rose towards $1,080 an ounce in Europe as hopes other European countries would bail out debt-laden Greece boosted the euro versus the dollar, lifting gold's appeal as an alternative to the U.S. unit.
Jones Apparel Group Inc forecast 2010 revenue above many analysts' expectations and said its biggest brands were in a good position to grow as the economy recovers this year, sending shares up 3 percent.
Top diamond producer De Beers bolstered its balance sheet with a $1 billion rights issue and bank refinancing as it swung to a annual $220 million underlying loss after demand plummeted for luxury goods.
For the man who has everything except that perfect alligator skin jacket, he need only visit Hermes' newly opened boutique on Madison Avenue in New York, where the snappy garment sells for 158,000 dollars.
Cosmetics and perfume dispenser maker AptarGroup Inc posted a 14 percent rise in quarterly profit, helped by strong sales in its segments, and forecast first-quarter earnings above market expectations.
British plastic-packaging supplier RPC Group said third-quarter adjusted pretax profit rose, aided by cost controls, and that it planned to cut jobs at its Marolles plant in France due to continued weak demand in the cosmetics sector.
Governments worldwide will have little choice but to raise taxes on the rich to address ballooning deficits, a development that would harm luxury spending in the coming years, said Hermes's chief executive, Patrick Thomas.
U.S. and British department store buyers are looking for fall and winter trends at New York Fashion Week that will not only lure shoppers back, but excite them enough to pay full price amid a struggling economy.