US retail giant raises full-year guidance

US-based Signet Jewelers, the world's largest retailer of diamond jewellery, has raised its full-year outlook after third quarter sales outperformed expectations. Revenue reached $US1.58 billion ($AU2.35 billion) for the…

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LVMH buys Italian jewelry manufacturer

French luxury conglomerate Louis Vuitton Moët Hennessy (LVMH) has purchased the Pedemonte Group, an Italian jewelry manufacturer. Pedemonte is currently under the control of Luxembourg-based private-equity firm Equinox.Headquartered in…

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