PARIS Czech businessman Daniel Kretinsky and Slovak partner Patrik Tkac have bought a 4.63% stake in debt-laden French retailer Casino , a month after failing to take over Germany's Metro AG .
PARIS Kering's main Gucci brand, which set a high bar for luxury goods rivals during several years of explosive growth, posted a slower-than-expected rise in second-quarter sales on Thursday, hit by a blip in the United States.
PARIS French supermarket retailer Carrefour reported higher first-half profits and said it was on track with a strategic overhaul aimed at boosting earnings and tackling competition from the likes of Amazon.
PARIS French supermarket retailer Casino , which is battling investor concerns over debts and its ability to generate cash, scrapped its dividend as it targeted net debts below 1.5 billion euros ($1.7 billion) in France by the end of next year.
* Dividend cuts to save around 500 mln euros by end-2020
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PARIS Gucci, the luxury brand that powers most of parent Kering's profits, made its first steps in high-end jewellery on Tuesday with a dedicated store in Paris - part of its bid to expand its reach after a blowout fashion makeover.
PARIS L'Oreal is in talks to buy the Mugler and Azzaro brands from Clarins Group, as the French luxury goods group reinforces its presence in upmarket cosmetics.
PARIS Luxury fashion group Chanel, whose star designer Karl Lagerfeld passed away in February, on Monday reaffirmed commitment to its independence after reporting higher annual sales and profits.