Andrew Roberts News
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Salvatore Ferragamo SpA, an Italian maker of $895 sandals, said it expects “significant” revenue growth in 2012 after reporting first-quarter earnings that beat analysts’ estimates.
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Spanish 10-year bond yields rose above 6.3 percent for the first time in more than five months as Greece moved closer to a possible exit from the euro area and German Chancellor Angela Merkel’s party lost a state election.
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France Inc. risks losing more than 15,000 jobs in the months ahead, testing Socialist President- elect Francois Hollande’s resolve to block firings.
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French overseas voters headed to the polls in the runoff for the election between President Nicolas Sarkozy and Socialist Francois Hollande, Agence France-Presse reported.
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Chinese tourists traveling to Europe to take advantage of savings as much as 50 percent on designer clothes and accessories are finding fewer bargains.
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Carrefour SA Chief Executive Officer-designate Georges Plassat may cut 3,000 to 5,000 jobs at the retailer in France, Reuters reported, citing a representative of the Force Ouvriere union.
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Brunello Cucinelli SpA, an Italian maker of luxury cashmere clothing, rose 37 percent on its debut in Milan trading after investors sought to purchase 17 times the amount of stock available in an initial public offering.
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PPR SA, the French owner of the Gucci luxury brand, rose the most in almost five months in Paris trading after the company reported first-quarter sales that exceeded analysts’ estimates.
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PPR SA, the French owner of the Gucci luxury brand and Puma sporting-goods maker, reported first-quarter sales that exceeded analysts’ estimates and said it’s confident of achieving sales and earnings growth in 2012.
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LVMH Moet Hennessy Louis Vuitton SA, the world’s largest maker of luxury goods, reported first- quarter sales that beat analysts’ estimates as demand for its products accelerated, defying an “uncertain” European economy.
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