December 1, 2011
Prada said it made a net profit of $364m in the three months to the end of October, a 75pc jump from year earlier, according to BBC.
Vivienne Westwood has personally invested 1 million pounds, or $1.63 million, to launch a fund-raising campaign to support Cool Earth, a U.K.-based charity that aims to stop the destruction of rainforests by working with the communities who live there, according to Women's Wear Daily.
Chanel filed suit in federal court to stop hundreds of websites from selling KIRFs of its gear, and the judge recently ordered the seizure and transfer of those domain names to GoDaddy to hold in trust until the case is resolved, according to Engadget.
Stocks rallied in the United States on Wednesday after the Federal Reserve and other central banks took action to try to contain the debt crisis in the euro zone, with market indexes gaining more than 4 percent and the Dow Jones industrial average ending up 489 points, according to the New York Times.
Luxury carmakers in the US are locked in an intensifying battle for market share, rolling out an array of holiday season promotions that in many cases are earlier and more generous than usual, according to the Financial Times.