(Reuters) -Burberry said on Friday comparable store sales fell 1% in the first quarter ended June, in early signs of a recovery for the British luxury brand struggling with underperformance.
(Reporting by Pushkala Aripaka in Bengaluru and Helen Reid in London)
(Reuters) -German producer prices fell in line with expectations in June, decreasing by 1.3% on the year, the federal statistics office reported on Friday.
Analysts polled by Reuters had expected a 1.3% decline.
The office publishes more detailed data on its website.
(Reporting by Marleen Kaesebier in Gdansk, Editing by Rachel More)
MILAN (Reuters) -Qatari investment fund Mayhoola and Gucci-owner Kering are considering selling their jointly-owned fashion house Valentino, an Italian daily reported on Friday.
The decision is part of a wider review by Kering of its holdings, as the luxury group faces growing debt, a global slowdown in luxury demand and is under pressure on the bourse, Corriere della Sera newspaper added.
The French giant bought a 30% stake in Valentino in... (continue reading...)
By Niklas Pollard
STOCKHOLM (Reuters) -Swedish defence material maker Saab reported a bigger-than-expected rise in second-quarter operating earnings on Friday and raised its guidance to project even stronger sales this year on the back of soaring military spending.
The maker of the Gripen fighter jet in a statement said operating earnings rose to 1.98 billion Swedish crowns ($204 million) from 1.33 billion a year ago, beating a mean forecast... (continue reading...)
STOCKHOLM (Reuters) -Swedish defence material maker Saab reported a bigger-than-expected rise in second-quarter operating earnings on Friday and raised its guidance to project even stronger sales this year on the back of soaring military spending.
(Reporting by Niklas Pollard, editing by Essi Lehto)
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