Elizabeth Arden posts biggest ever loss

Elizabeth Arden reported its biggest quarterly loss due to a steep fall in sales of celebrity perfumes, particularly the Justin Bieber and Taylor Swift brands, sending its shares plunging as much as 25 per cent. The company said fourth- quarter sales fell 28.4 per cent, the steepest in a decade, and warned that the weakness,... Continue Reading →

Nakheel awards Dhs146 million construction contract for new homes and retail centre at Jumeirah Islands

Nakheel has awarded a contract worth over Dhs146 million for the construction of 84 townhouses and a new retail centre at its high-end Jumeirah Islands community in Dubai. The developer has appointed UAE-based Metac General Contracting to build the new homes and eight retail blocks that will form part of a new, 608,000 sqft water... Continue Reading →

John Lewis is to open two opticians,

DEPARTMENT store chain John Lewis is to open two opticians, as part of its strategy to extend its range of services. The employee-owned firm said it will open the units at its Stratford City and Cardiff stores in the autumn offering the latest eye care technology as well as designer frames by Ray-Ban, Prada and... Continue Reading →

Hermes to expand in the U.S. in 2015

After having recently held its first catwalk show in the U.S., as part of an innovative bash ”Carnival” in New York, on Wall Street, French luxury giant Hermes will pursue next year its American focus, with seven expansions and openings, including a Manhattan perfume store near the World Trade Center and a new location in... Continue Reading →

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