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.
There are many events across the world dedicated to the sparkling world of luxury goods. Among these stand out IFJA & IWCF – the International Fashion Jewellery & Accessories Fair and the International Watch & Clock Fair 2009 which will be held in two prestigious locations: Dubai and Casablanca.
Rain and cooler-than-usual weather so far in June may have dampened demand for summer items such as sandals, swimwear and beer for retailers already hard put to counter sales declines during the recession.