Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases, strong demand for its Coach handbags and a sharp rebound in China would shield it from a wider slowdown in U.S. luxury purchases.
ASOS , one of the pioneers of online fashion retailing, swung to a first-half loss, hit by a squeeze on household budgets and forecast a further drop in sales, sending its shares sharply lower.
The 700-piece private jewellery collection of the late Austrian billionaire Heidi Horten, the world's largest and most valuable collection of its kind to come to auction, could sell for more than $150 million, Christie's said on Monday.
Adidas shares jumped on Friday after better-than-expected first-quarter results, although CEO Bjorn Gulden forecast "a bumpy year with disappointing numbers".
Pick n Pay, South Africa's second-biggest supermarket chain, reported a 16.3% fall in annual earnings on Thursday, hit by costs related to store revamps and unprecedented power cuts.