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Daily News – August 28, 2009

August 28, 2009

The Wall Street Journal is reporting today that Tiffany & Co.’s net profits are down 30% in the second quarter of the year. The Associated Press has taken a look at where Tiffany’s sales have grown and declined and points out that the company beat pessimistic analyst expectations.

WWD is reporting that the largest investor in the Permira Advisers LLP Private Equity group has written down its stake in the Valentino group. Their snapshot of the Valentino holdings and sales can be found here.

The New York Times is reporting that Hermes profit is down 7% in the first half of the year.

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