KP Fashion Co, which is owned by Kira Plastinina, the 16-year-old fashion designer and daughter of Russian businessman Sergei Plastinin, has filed for Chapter 7 bankruptcy in a U.S. court. The Los Angeles-based company listed $9.
Fashion designer Ted Lapidus, whose career soared in the 1960s and 1970s with the unisex and safari look, died Monday at age 79 in a hospital in Cannes on the French Rivera, his family said."He died at 2:30 pm.
Russian state diamond miner Alrosa has secured a 44.2 billion rouble ($1.59 billion) loan from state-controlled bank VTB (VTBR.MM) which will allow it to redeem its short-term debt this year, VTB said on Friday.
Switzerland exported half a million fewer watches in November as the economic downturn hit the country's key watch making industry in the first monthly decline since March 2005, data showed on Thursday, December 18th. Exports fell 15.3 percent to 1.
Escada's full-year net loss will widen, the German fashion house said on Thursday, citing a clear decline of sales in a difficult market environment and restructuring expenses. Sales dropped 15.1 percent in the fiscal year ended October to 582.