Tesco Plc, the largest U.K. retailer, said a decline in domestic sales resumed in the third quarter as shoppers tightened their purse strings and turned toward both discount grocers and more upscale competitors.
Moncler, an Italian maker of $1,220 quilted polyester jackets, has demand for all the shares in its initial public offering to raise as much as 783 million euros ($1.1 billion), said three people with knowledge of the sale.
Hugo Boss AG, the German luxury- clothing maker controlled by buyout firm Permira Advisers LLP, dropped the most in six months after postponing a profitability target as it spends more to make the brand better known in Asia.
SABMiller Plc, the world’s second- biggest brewer, said Chairman Graham Mackay is taking a further leave of absence after a “recent sudden worsening” of his health following brain surgery earlier this year.
Kering SA, the owner of Gucci, said it expects net income to drop “very significantly” this year because of costs related to its planned sale of mail-order unit La Redoute and one-time charges for the Puma brand.