Hennes & Mauritz said on Thursday that the fashion label Lanvin would draw her new clothing line, sold in the fall.
The Swedish group, Third World chain clothing stores, known for its trendy and cheap clothing, and regularly appeal to the world of fashion and show business to design collections.
The singer Madonna, or the creators Karl Lagerfeld, Stella McCartney and Roberto Cavalli have been solicited by the group.
These collections have little impact on the total turnover of the group, but analysts believe they provide visibility for the brand and enhance its image.
"Lanvin will provide to H & M tradition of French luxury, both modern and full of fantasy", explains Margareta van den Bosch, Advisor at H & M creation
This collection, designed by the artistic director of Lanvin, Alber Elbaz, and menswear designer Lucas Ossendrijver, will be launched on November 23 in 200 H & M stores worldwide.
Consumer spending in U.S. households rose 0.4% and revenues by 0.2% in July, show statistics released Monday by the Commerce Department.
Consumer spending and showing the strongest gain in four months, receiving a slight increase in revenue.
The figures for consumption and income showed an unchanged rate in the month of June
Economists and analysts polled by Reuters had forecast an average increase of 0.3% of consumer spending and incomes in July.
The savings rate was 5.9%.
After the publication of these figures, futures on the S & P 500 have cut their losses.
Nestle announced Thursday it had finalized the sale of Novartis's 52% that remained in Alcon for $ 28.3 billion (22.3 billion euros).
Nestle has received a total of 41 billion dollars selling American specialist in ophthalmology, if one takes into account the three stages of disinvestment, namely the initial IPO of 23.25% in 2002, sale of 24.8% in 2008 and the last transaction with Novartis, conducted Wednesday, said the world number one agribusiness in a statement.
Nestle, which had acquired Alcon in 1977 for 280 million dollars, now intends to "significantly reduce its net debt, which amounted to 29.6 billion at end June 2010.
Novartis now controls 77% of Alcon and its later clarified in a separate statement that its initial tranche of 25% had already recorded a gain of $ 200 million for the year.
The integration costs of $ 140 million, spread over three years and will save annual synergies of 200 million dollars, said pharmaceutical group.
This year however, will be impacted by charges of 140 million, including transaction costs.
The acquisition will be neutral to earnings per share in 2010 and 2011 but should be accretive as this year for basic EPS ('core').
Novartis is now looking to buy the remaining 23% but the independent directors of Alcon opposed to the proposed price of 2.8 shares per share Novartis Alcon, which is 15% less than the $ 168 per share paid Nestlé.
Swiss law allows Novartis to adopt such an approach but does not guarantee the success of its offer to minority shareholders.
Wall Street opened on earnings Monday, investors regaining confidence through several projects of mergers and acquisitions.
A few minutes after the start of trading, the Dow Jones gained 0.54% to 10,268.56 points, the Standard & Poor's 500 index 0.58% to 1077.89 points and the Nasdaq Composite 0.67% to 2194.34 points.
Hewlett-Packard on Monday launched an offer of 1.6 billion dollars (1.2 billion euros) to acquire the data storage company 3PAR, competing with the offer of its rival Dell issued last week.
Titles 3PAR Dell responded to the rise of this announcement, gaining 0.83% respectively and 42%, while HP lost 0.27% at the opening.
The group Campbell Soup gained 0.19% after announcing consider an offer of 1.5 billion pounds (2.3 billion dollars) on the activities of Britain's United Biscuits cookies.
Finally, 3M took the 1.10% group is likely to spend about two billion dollars (1.6 billion) in acquisitions this year, twice more than its previous estimate.
"This suggests that companies have reached a point where they want to grow their cash. (…) This is obviously a positive sign for markets," said Michael O'Rourke, a specialist market with BTIG LLC.
French banks BNP Paribas, SocGen, Credit Agricole and BPCE, parent company Natixis, have passed the stress tests conducted by European authorities said on Friday the Bank of France.
In a statement, the regulator said that following the test on a scenario of economic decline worse than expected and a new crisis on the European sovereign debt, the four French banks show a ratio of Tier One financial solvency through 9 3% at end 2011.
In this scenario, which holds a particular hypothesis of two years of recession in the euro area in 2010 and 2011, European regulators demanded that they tested 91 European banks show a ratio of at least 6%.
"This is a satisfactory result, not surprisingly, is quite comforting," said Christian Noyer, Governor of the Bank of France at a press briefing.
Christian Noyer, who is also member of the Governing Council of the European Central Bank, said that the total exposure of the four French banks, European sovereign debt amounted to 240 billion euros at end-March, which accounted for 43 billion in their "trading book" (portfolio of financial assets).
He also explained that a risk of default on sovereign debt of a sovereign state had been excluded from testing scenarios.
To restore investor confidence, the European Union 91 European banks submitted to stress tests to ensure that their capital was adequate to cope with a worsening economic conditions and financial market shocks.
Led by the Committee of European Banking Supervisors (CEBS) and drawing lessons from the debt crisis of Greek, tests have included discounts which reduce the market value of some bonds.
Fears of contagion in Europe of the fiscal crisis of Greece has weighed heavily in recent months on financial stocks.
The sector index Stoxx 600 European banks yields almost 5% since the beginning of the year.
The Nikkei ended down 0.23% Wednesday, penalized by concerns about the strong yen and doubts over the sustainability of U.S. economic recovery.
The Nikkei lost 21.63 points to 9,278.83 and the broader TOPIX, sold 2.9 points (0.35%) to 829.35.
While studies suggest that the Chartists fall posted recently by the Japanese stock markets draws to a close, the lack of enthusiasm shown by the indicators U.S. leaves investors hungry.
The other major concern is the expectations raised by the publication Friday of the test results of resistance experienced by 91 European banks.
For values, trading companies sector has experienced a painful session after the publication of an article revealing that Daiwa Securities Nikkei was likely to report a loss for the period April to June due to instability markets after the crisis of European sovereign debt.
Daiwa Securities dropped 3.46% and its rival Nomura Holdings fell 3.81%.
Pason Group meanwhile plunged 5.77%, the investment group of employees who predicted an annual loss due to the hardness of the labor market.
Soitec said Monday sales of 2010-2011 in the first quarter increased 56.5% over the same quarter in 2009-2010 and 9.6% from the previous quarter, against a background of strong demand and thanks to a favorable currency effect.
The world's leading manufacturer of silicon-on insulation (SOI) for the microelectronics industry said in a press having achieved sales of 68.6 million euros over the period April to June 2010.
Soitec anticipates sequential growth in sales over 20% in first half on the basis of one euro to $ 1.27, with a return to balanced operating income, including its new photovoltaic business Concentrix.
"The latest information on the second quarter show a level of wafer sales support," said the company in a statement. "On a sequential basis, the quasi-stable plate sales at constant exchange rates to continue to support the initial prediction of the group given the correct orientation of the demand," she adds.
Soitec announced in May that a return to operational balance power could intervene in the first half, Concentrix out after a loss of 28.9 million euros in 2009-2010 and 28.4 million in 2008-2009.
Soitec acquired last December 80% of photovoltaic systems provider Concentrix.
The NYSE has ended sharply lower Friday, the Dow Jones industrial yielding 30 261.41 points, or 2.52%, to 10,097.90 points.
The S & P 500 is broader, lost 31.62 points, or 2.88% at 1064.86 points.
The Nasdaq Composite fell 70.03 points on his side (3.11%) to 2179.05 points.
Santander is one step closer Monday toward its goal of becoming a bank offering a full service commercial bank in Germany with the acquisition for 555 million euros in the division for the subject of Swedish SEB.
Santander seeks to expand its presence in Europe, especially Germany and Great Britain, and the high growth markets such as Latin America.
"Germany is an important market for Santander.This acquisition is an important step towards achieving our goal of being a commercial bank offering a full service in Europe, "said its chairman Emilio Botin said in a statement.
The Spanish bank believes that its ratio of Tier One capital could fall by ten basis points due to the acquisition, the amount is close to 500 million previously reported by sources close to the situation.
According to head of operations in Latin America, Santander, Francisco Luzon, quoted by the Financial Times, Santander plans to strengthen Colombia and Peru, where its market shares are between 10 and 20%.
Around 9:15 GMT, Santander and SEB yielded respectively 0.69% and 0.76%, while the Stoxx index comprising the major European banking stocks lost 0.66%.
The European Commission said Wednesday that the reform program initiated by Greece out of the recession and the debt crisis was largely on track.
The process of fiscal consolidation is consistent with guidelines established under the rescue plan member countries of the euro, the commission said in a report on his mission to Athens for the month of June
Brussels also awarded full marks to the advancement of fiscal and structural reforms of pensions and the site opened by the government of George Papandreou in exchange for massive financial support from its European partners and the IMF.
The report notes as well that if tax revenues were slightly below expectations, lower expenditure of the State is it more pronounced than expected.
But the Commission considers that the Greek economy suffers from a lack of competition and some macroeconomic data are incomplete.
"Although this overall assessment is positive, with an application of this program largely on track, this preliminary review has identified a number of pressure points and areas where further progress is necessary," reads the report in .
Greece, the debt crisis has shaken the euro area, negotiated a financial assistance of 110 billion euros with the EU and the International Monetary Fund and pledged in return to a policy of economic stringency in particular through a reform of its pension system adopted in late June by the government.
On Monday, Finance Minister George Papaconstantinou said he was confident his country's ability to meet its goal of reducing the budget deficit to 8.1% of GDP this year, against 13.6% in 2009.
To access the full report of the Commission, in English, double-click here