Luxury goods makers are hoping to weather a consumption slowdown in the United States and Japan, their two biggest markets, with the help of shoppers in emerging economies and super-rich clients who do not feel the economic pinch.
Luxury retailer Christian Dior has pulled advertisements featuring Sharon Stone from stores across China after the actress suggested the country's earthquake was "bad karma" for Beijing's policies in Tibet.
U.S. stocks rose on Wednesday as a report pointing to stronger business spending boosted shares of blue-chip computer firms and heavy equipment makers, overshadowing the latest signs of turmoil in the financial sector.
Do Carrie and Mr. Big marry or don't they? That is the question "Sex and the City" fans hope is answered when the long-awaited film about love and friendship in New York City hits theatres worldwide this week.
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.