A pink diamond weighing in at almost 19 carats is set to go on tour before being auctioned in Geneva and could fetch a record price of between $30 million (£23 million) and $50 million, Christie’s announced on Tuesday.
American Eagle Outfitters Inc forecast third-quarter profit below expectations on Wednesday, as the retailer spends more on wages and advertising to support the expansion of its popular Aerie line of lingerie.
As the lingerie retailer’s sales continue to flounder, parent company L Brands revealed that it will be closing 20 Victoria’s Secret locations this year in a conference call with investors on Thursday.
Ybrands has released a new study ranking the most trustworthy brands according to consumers aged 13-36. While Dove took the top spot across all product categories, Nike reigned supreme among fashion brands.