stock exchange news and archive

Luxottica Group withdraws from New York stock exchange

London - Following Luxottica Group merger with French lens maker Essilor, the Italian eyewear firm is set to withdraw from the New York stock exchange. The eyewear group, which is also listed on the stock exchange in Milan, noted maintaining a listing in the United States represented "significant administrative costs." In addition, Luxottica...

Fashion

Gilt Groupe considers going public

Gilt Groupe, the parent of online fashion designer sale website Gilt, is expected to go public in 2012. The company, which sells discounted luxury fashion brands online via 'flash' sales, would hope to be generating $1bn in annual sales. “I think it’s entirely possible that in 2013, depending on the markets and depending on how things are going,...