Lonmin, the world's third biggest platinum producer, said up to 20,000 ounces may be left unprocessed at the end of its fiscal year due to a furnace shutdown, but the impact on its sales target was uncertain.
Safilo Group, one of the world's biggest eyewear makers, is still in talks to find a partner to strengthen its balance sheet and has started talks with creditor banks to seek a waiver to its debt covenants.
Japanese private equity firms Advantage Partners, Unison Capital and MKS Partners will sell a 60 percent stake in Kracie Holdings to hair-colouring products maker Hoyu Co, a source with knowledge of the matter said.
Patek Philippe, one of the last major independent Geneva-based watch manufacturers, has seen resilient demand for its timepieces, but cautioned sales could fall as much as 15 percent in a worst-case scenario.
The textile and sporting equipment group Lafuma has seen its net loss swell in the first half-year (up until the end of March) of its activities for 2008/2009, but sees an “improvement” of its situation in the second half-year period, it announced in a press release.