Oakley and Ray-Ban maker EssilorLuxottica's second-quarter revenue almost halved due to store closures to curb the spread of the coronavirus, it said on Friday, sending operating profit tumbling by more than 90%.
Fashion brands and retailers re-opening around the world to patchy demand, and carrying unsold stock from spring have cut fall orders by as much as two-thirds in moves spelling more pain for Asian suppliers.
Carrefour’s new boss Alexandre Bompard on Friday named his leadership team, putting the man credited with reviving the retailer’s Spanish operations in charge of turning around its business in France, its biggest market.
French luxury goods group Hermes said on Wednesday it was starting 2017 on a solid footing after delivering record 2016 profits, providing further evidence of a broader recovery in the luxury goods industry.
Carrefour, the world's second-largest retailer, vowed to renovate and open more stores to keep its European turnaround on track, while warning it would take time to revive its loss-making Chinese business.
French luxury goods maker Hermes on Thursday demonstrated further resilience to the industry downturn by posting a 9.6 percent rise in fourth-quarter sales at constant exchange rates, slightly below some analysts' exp...