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Morning Hemlines: L'Oreal, eBay, Mac...   Morning Hemlines: Stocks, Estée Laud...
Jul 16 2008 11:00AM EDT

Morning Hemlines: VF Corp., Off 5th, Halston, CFDA, Richemont and Diamonds

VF Corp. defies economic slump with record 27.3% sales increase for the second quarter. Their "business model really proves itself," says C.E.O. Eric Wiseman. (WWD)

Saks to open three more Off 5th outlet chains, in Nevada and Ohio next month and Texas in November, to capitalize on surge of discount shoppers. (WWD)

Halston's creative director, Marco Zanini, is rumored to have left the newly re-launched '70's fashion house--no word yet on the reason. He was hired less than a year ago by ex-Miramax exec Harvey Weinstein and Jimmy Choo president Tamara Mellon. (WWD)

Ten finalists, including shoe designer Alejandro Ingelmo and two-time nominees Sophie Buhai and Lisa Mayock of Vena Cava, have been announced for this year's CFDA/Vogue Fashion Fund award. (Vogue UK)

Richemont sales up as imports of Swiss watches to China and Hong Kong were 40% higher than they were to the U.S. in the first quarter of 2008, furthering the emerging market's relevance to luxury businesses. (Bloomberg)

Diamonds are an investor's best friends--the price of top-quality gems has risen more than 76% in the past year. (Bloomberg)

by Sean Santiago

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