Swatch Group AG, the maker of Omega watches, rose the most in almost a year after the company reported record revenue for 2013 and forecast a positive year ahead, boosting optimism that demand in China is rebounding.
George Zimmerman, the Neighborhood Watch volunteer accused of murdering Trayvon Martin, didn’t shoot the teenager in self-defense, a prosecutor told a jury of six women at the start of trial in Florida.
LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, named Antoine Arnault chairman of cashmere clothier Loro Piana SpA, expanding the responsibilities of billionaire Bernard Arnault’s eldest son.
Two years ago, Bernard Arnault asked his son Antoine to run shoemaker Berluti, then this month he installed his daughter, Delphine, as executive vice president of Louis Vuitton. While her brief is to revive the handbag maker and Antoine’s task is to transform Berluti into a menswear titan, Arnault is auditioning both for another job: his own.
Bjoern Gulden turned round Danish jewelry maker Pandora A/S in a little more than a year. Working his charm at Puma SE will be a tougher task after Europe’s second-biggest sporting-goods maker cut its profit guidance.