French luxury goods empire PPR said Thursday january 22nd it has entered exclusive talks with L'Oreal after the cosmetics giant offered to buy its YSL Beaute unit for 1.15 billion euros (1.68 billion dollars).
Military-run Myanmar has opened another major auction of gems and jade in the nation's economic hub Yangon, despite international efforts to cut off the junta's sales, state media said Wednesday, January 16th.
The German chemicals group Beiersdorf, which makes Nivea beauty cream and Tesa glue, saw net profit plunge last year but met its sales target and increased its operating result, the group said Tuesday, January 15th.
The world's biggest diamond company De Beers said Thursday it was selling its historic Cullinan Diamond Mine in South Africa, where the largest ever diamond was found. It said it was selling the mine for one billion rand (147 million US dollars, 99 million euros).
Richemont, the world's second-biggest luxury goods group, recorded Friday, november 16th a 28 percent increase in net profit for the first half of the financial year, up to 824 million euros (1.201 billion dollars).
Myanmar opened a lucrative auction of gems on Wednesday, November 14th, despite tightening Western sanctions and calls for a boycott from top international jewellers following the junta's deadly crackdown on protests.
Reckitt Benckiser , the world's biggest household goods maker, met forecasts with a 14 percent rise in third-quarter profits and raised its targets for a second time, but its shares slipped as margins stayed flat.
Australia's Mining Deposits Limited on Monday, september 24th signed an agreement with Senegal to begin mining zircon, a mineral used in jewellery, from the sands of coast north of the capital Dakar, national media reported.
Richemont, the world's second-biggest luxury goods group, said on Thursday September 13rd that its sales had risen by 11.0 percent in the first five months, from April to August, of its 2007-8 financial year.