Express, the sixth-largest specialty retail apparel brand in the U.S. filed for an initial public offering of up to $200 million. Columbus, Ohio-based Express Parent LLC sells clothing to women and men between the ages of 20 and 30.
Women's accessories will be big and bold for fall 2010 with designers at New York Fashion Week showing body armor-like jewelry, gauntlet gloves, militia boots and bags big enough to tote the day's survival gear.
Talbots Inc said it expects a smaller sales decline for the fourth quarter as full-price selling boosted its top line, and also amended its merger agreement with BPW Acquisition Corp, a special purpose acquisition company.
Open-ended fund manager Union Investment has paid 316 million euros ($431.3 million) for a majority stake in Berlin's Alexa mall in the latest sign of renewed confidence in Germany's recovering property market.
Shares of Perry Ellis International Inc soared 18 percent to touch a 17-month high, a day after the clothing maker said it expects 2010 profit to be at or above the top end of its current view and forecast a solid 2011 profit.
German sporting goods maker Puma gave a subdued outlook for the soccer World Cup year of 2010, saying it expected the overall environment to remain tough, after posting a weaker-than-expected finish to 2009.
French luxury goods group PPR reported a fall in 2009 net earnings but said its performance beat expectations thanks to cost-cutting, emerging markets and the stock market launch of its African unit CFAO.
The government will not curb exports of cotton despite a surge in domestic prices that has undermined margins of textile makers still recovering from the financial crisis, a senior government official said.