Independent Swiss watchmaker Rolex expects demand for its timepieces to fall in 2009, its chief executive was quoted as saying on Friday, as consumers' appetite for luxury items wanes. "Last year was an absolute record.
Adrenalina , which recently withdrew its buyout offer for Pacific Sunwear of California Inc , said it is seeking a meeting with the chief executive of the larger rival in a bid to avoid a costly proxy contest.
The former assistant of a Versace USA executive sued the company on Wednesday for gender discrimination, saying she was forced to relay sexually explicit voicemail messages and was fired when she complained.
Playboy Enterprises Inc plans to continue "aggressive cost cutting" across the company in 2009 but outlined growth prospects for products such as Playboy underwear and new products such as fragrances, according to Chief Financial Officer Linda Havard.
The iconic black and white keffiyeh, or Arab headdress, famously donned by late Palestinian president Yasser Arafat has hit the streets of Beirut in a rainbow of colours -- much to the chagrin of older Palestinians.