Russia and China weakness hits Philips

Dutch conglomerate falls to €103m net loss in the third quarter

Electrolux cleans up from currencies

Improved profitability in Europe aided by cost-cutting measures

Versace maintains growth rate in China

Fashion house develops organically as it side steps crackdown

Kao: beauty and the beholder

Japanese beauty company has had a makeover but shareholders may not like the next stage

A Jibo home robot
©HANDOUT

Internet of things transforms elderly care

Start-ups see huge future for robots and sensors in digital homes

week in review

Week in Review, October 18

UBS, EDF, Abbvie and Shire, and luxury groups featured

Travis Perkins builds on sales

Builder’s merchant sees heating supplies hit by mild weather

Singapore fund buys 4.6% of Jimmy Choo

Shoemaker’s shares gain on London debut

Burberry and Mulberry fuel luxury woes

Brands feel the effects of slowing demand from Chinese shoppers

Luxottica making a spectacle of itself

Founder looks to regain investor confidence after chief departs

FSB’s collateral rule for shadow banks

Watchdog wants borrowers to put up plenty of collateral

Amazon to add 1,000 UK distribution jobs

Internet retailer already employs 6,000 people at its hubs

Luxottica loses second CEO in 2 months

Enrico Cavatorta to leave eyewear company after just 40 days in role

Rio’s Du Plessis digs in as rival circles

Chairman faces test of mettle against wily adversary Glasenberg

Global woes weigh on luxury industry

Hong Kong protests the latest bad news to hit sector

Downturn for luxury goods

Fashion houses hit by combination of adverse forces

VTB Capital eyes Roberto Cavalli stake

Arm of Russian bank seeks as much as 70% of Italian fashion house

Cigarette factory closure hits Antrim

Loss of 900 jobs leaves £60m hole in local economy

Japan aims to turn robotics into profit

Government keen to treble market as companies launch care robots

Coty eyes Chanel’s Bourjois

Chanel to take 16% stake in US beauty group as part of offer

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