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Tommy Hilfiger and Karl Lagerfeld brands reunited though PVH investment

NEW YORK, N.Y. - PVH Corp., the company behind the Calvin Klein and Tommy Hilfiger brands, has become a minority shareholder in fashion designer Karl Lagerfeld's namesake company. The financial terms of the deal were not disclosed. PVH said Tuesday that the investment in Karl Lagerfeld B.V. will allow it to benefit from growth of the designer's brand. The deal includes giving PVH first dibs on licensing the brand for North America.

Bags with logos too last century for Paris craftsman

There's something missing from the handbags that adorn the shelves of Serge Amoruso's Paris boutique. It's certainly not the hefty price tag or the top quality craftmanship. What you won't find, however, is that universal badge of 1990s consumerism -- a logo. Amoruso's message is clear. Exclusivity is what his customers -- many of them from China and Japan -- now want, and they don't mind paying for it.

Lululemon poised to defeat pant lawsuits, judge's draft decision dismisses cases

NEW YORK, N.Y. - Lululemon Athletica Inc. appeared poised to defeat a class action lawsuit filed against the company over a recall of its black Luon pants last year because they were too sheer. U.S. Judge Katherine Forrest released a draft decision Friday that proposes the case be dismissed. The lawsuit by shareholders accused the Vancouver-based athletic-wear company of failing to disclose the quality defects in its Luon yoga pants, which resulted partly due to cost cutting.

Scores fall sick in mass faintings at Cambodian factories

By Prak Chan Thul PHNOM PENH (Reuters) - Scores of garment workers have fallen sick this week at factories in Cambodia including two that produce clothing for sportswear giants Puma SE and Adidas, police and workers said on Thursday. A total of 118 employees passed out at work on Thursday at the Shen Zhou and Daqian Textile factories in Phnom Penh, police said, another blow for an industry fraught with disputes but critical to Cambodia's fledgling economy.

Football: Cameron calls for England shirt price 're-think'

British Prime Minister David Cameron has given his support to calls for a "rethink" regarding the £90 ($150, 109 euros) cost of the new replica England football shirt. The price of the shirt, identical to the one that will be worn by the England team at this June's World Cup finals in Brazil, proved controversial immediately following its launch earlier this week. Sports minister Helen Grant had already gone on Twitter to say: "On £90 England #football shirts for fans, it's not right. Loyal supporters are the bedrock of our national game - pricing needs a rethink."

Lululemon CEO sets sights on accelerating growth; shares surge

By Solarina Ho TORONTO (Reuters) - Lululemon Athletica Inc's <LULU.O> new chief executive pledged on Thursday to speed up the yogawear retailer's global expansion while avoiding missteps like last year's embarrassing recall of its trademark yoga pants, helping boost its once high-flying stock.

Toronto stock market, Wall Street fall amid mixed readings on US economy

TORONTO - The Toronto stock market closed slightly lower Thursday despite better than expected figures on gross domestic product and jobless claims in the United States. The S The Commerce Department said the U.S. economy grew at a 2.6 per cent annual rate from October to December, slightly more than previously estimated, as consumer spending rose at the fastest pace in three years. Analysts had been expecting a growth rate of 2.4 per cent.

GameStop, Citigroup, Lululemon, Baxter and Fred's are big market movers

NEW YORK, N.Y. - Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Citigroup Inc., down $2.71 to $47.45 The Federal Reserve barred the bank from raising its dividend and boosting share buybacks, saying it's too hard to predict how it would fare in a sharp downturn. Baxter International Inc., up $2.72 to $72.80 The health company is splitting into two entities, with one focused on biopharmaceuticals and the other on medical products. GameStop Corp., down $1.57 to $37.33

Lululemon gets back to its roots to win back customers after recent missteps

Lululemon Athletica Inc. (Nasdaq:LULU) says it plans to get back to "what it does best" by creating great products and engaging customers as it seeks to win back their love and put last year's missteps behind it. "We've reflected on last year and we've learned from last year and we've done that with humility," chief executive Laurent Potdevin said during his first earnings call since taking over from Christine Day in January.

Lululemon says profits held steady in fourth quarter, revenue up 7 per cent

VANCOUVER - Lululemon Athletica Inc. (NASDAQ:LULU) says its profits held steady in the fourth quarter, the busiest season for retailers. The Vancouver-based company, which is known for its yoga wear, reported net income of $109.7 million in the 13 weeks ended Feb. 2. That compared to profits of $109.4 million in the same period a year earlier, which included an additional week. Earnings per share was steady at 75 cents per share, beating analyst expectations by three cents, according to data compiled by Thomson Reuters.
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