Women’s Wear Daily
04.21.2014

Financial

Beauty

Financial

Page 1308 of 1326

Dior To Seek Capital For Guinness Deal

PARIS -- Christian Dior SA is planning a capital increase of $844 million (5 billion francs at current exchange rates) to help pay for the indirect stake in LVMH Moet Hennessy Louis Vuitton it acquired last week from Guinness PLC.

Under the...

Chazen Sees '94 Comeback for Claiborne

NEW YORK -- Liz Claiborne Inc. is expecting a "significant" improvement in earnings this year after a rough 1993.

The 1993 figures, scheduled to be released in mid-February, will show a drop of about 40 percent, about what the company had...

William J. Carone Named Chairman of He-Ro Group

NEW YORK -- William J. Carone has been named chairman of The He-Ro Group Ltd., replacing Matthew A. Berdon, a partner in the accounting firm of Ferro, Berdon & Co., who had been acting chairman since September 1993.

The company is...

Berge's Fine Over YSL Stock Set at $505,000

PARIS -- Pierre Berge has been fined $505,000 (3 million francs) by France's Commission des Operations des Bourses (COB) for alleged insider trading. However, whether he'll have to actually pay the fine won't be known until the case is finally decided...

Claiborne Quits Creditor Panel At Macy's, Denies it Plans to Sell $20 Million Claim

NEW YORK -- Liz Claiborne Inc., which co-chairs the R.H. Macy & Co. unsecured creditors' committee, has resigned from the panel.

Jerome A. Chazen, chairman and chief executive officer of Claiborne, confirmed the resignation Wednesday but...

London Fog Moving Corporate Headquarters to Darien, Conn

WASHINGTON -- London Fog Corp. is moving its corporate headquarters from Eldersburg, Md., to Darien, Conn.

According to Arnold Cohen, who joined the firm in September as chairman and chief executive officer, the move is to position the company...

U.S. Shoe Consolidation Will Eliminate 700 Jobs

CINCINNATI -- The U.S. Shoe Corp. said it will cut 700 jobs as part of a sweeping consolidation designed to save $25 million in expenses in fiscal 1994.

The reorganization will also result in an after-tax charge of $14.5 million, or 22 cents,...

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