SAKS MAY GET A $1.7 BILLION BID: REPORT

Date: Tue, 31 Aug 2010 12:00:51 -0400

SAKS MAY GET A $1.7 BILLION BID: REPORT
The luxury retailer Saks could soon be on the receiving end of a $1.7
billion cash bid from a group of U.S. and U.K. private-equity firms,
according to a media report.

HERMES INTERNATIONAL'S FIRST-HALF PROFIT RISES 55%
Hermes International SCA, the Paris luxury-goods producer, reported
Tuesday a 55% surge in first-half net profit, buoyed by strong sales
in Asia.

RETAIL GIANT CARREFOUR SWINGS TO PROFIT
Carrefour, the world's second-largest retailer, posts a first-half net
profit and expresses confidence in meeting financial goals for the
year as its unveils changes in its hypermarket format.