Financial

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Financial

Page 21 of 32

Swatch Profits Surge 25% in Half

Swiss watchmaker trumpets a positive outlook for the balance of the year.

Coach Reels in $44M Judgment Against U.S.-based Counterfeiters

A Syosset, NY-based mother and daughter duo, who sold counterfeit Coach bags on their Web sites, were found guilty of trademark infringement.

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Hermès Sales Jump 21.9% in Q2

Luxury firm stands by its full-year revenue target despite an increase in economic headwinds.

Swiss Watch Exports Gain 16.2% in May

High-priced timepieces roll on, but key markets Hong Kong and China are losing steam.

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Mulberry Shares Slide on Slower Growth

The firm’s net profits surged 48 percent during the fiscal year and revenues climbed 38.6 percent.

Apparel, Accessories Sales Rise

Discounters see sales fall.

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Furla: Rightsizing for Growth

The brand is aiming for sales of 300 million euros, or $394.4 million, within four years.

Prada Net, Sales Climb in First Quarter

Chief executive officer Patrizio Bertelli says he remains confident of achieving growth objectives.

Movado Posts Q1 Gains in Income, Sales

The company said gross profit in the first quarter was 56.9 percent of sales, versus 54.1 percent of sales a year ago.

Graff's IPO Price Turned Off Investors

Hong Kong observers said the multiples were too high.

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Graff Cancels IPO Over Market Fears

The jeweler is the first among the luxury companies seeking to go public to hit a brick wall.

Graff Executives Tout Jeweler's $1 Billion IPO

Company plans to list June 7, a day earlier than originally anticipated.

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