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China imports far less from the United States, making a dollar-for-dollar match on any new U.S. tariffs impossible. Instead, it has warned of “qualitative” measures to retaliate. Though Beijing has not revealed what such steps might be, business executives and analysts say it could withhold exports of certain products to the United States or create more administrative red tape for American companies operating in China. Some analysts say there is also a risk that China could allow its currency to weaken again to cushion the blow to its exporters.

WATFORD, England (Reuters) - The boss of Britain’s Debenhams DEB.L came out fighting on Monday, saying the department store chain’s troubles had been exaggerated and insisting the business has a future, Speculation about Debenhams’ future has increased since rival House of Fraser collapsed into administration in August and was snapped up by Mike Ashley’s Sports silver convertible car cufflinks Direct (SPD.L).[nL5N1V118Q], The 240-year-old Debenhams has issued three profit warnings this year and its shares have lost over 70 percent of their value..

Last week the firm rushed out a trading statement to say it would make analysts’ profit forecasts for the 2017-18 year and denied it was planning mass store closures in its 166-store UK estate. “There’s a lot of noise right now in the press about the health of the company,” Chief Executive Sergio Bucher told reporters at a capital markets event held at Debenhams new store in Watford, north of London. He said the retailer has “a strong foundation” with 19 million customers, a 97 percent brand awareness, is growing online sales faster than the overall market, has annual turnover of 3 billion pounds ($3.94 billion) and is profitable.

“Sometimes it feels almost surprising to say that after what I’m reading in the press,” said Bucher, “We’re here to create shareholder value and we aim to do silver convertible car cufflinks that by delivering growth in the company,” he said, He said Debenhams would provide more details on its options to strengthen its balance sheet when it publishes annual results on Oct, 25, It has forecast year-end net debt of about 320 million pounds, which compares to Debenhams’ current equity market capitalisation of about 121 million pounds..

Bucher, a former Amazon (AMZN.O) executive, is in the second year of a turnaround plan. He has closed two of 10 stores identified for closure, wants to downsize 30 others and renegotiate leases and rents on 25 stores up for renewal over the next five years. He has also cut costs and refinanced. The Watford store represents Bucher’s “vision of the future” for Debenhams, with an enhanced beauty hall, curated fashion ranges and more customer services, such as personal shopping, all integrated with the firm’s digital offer.

LONDON (Reuters) - U.S, fashion group Michael Kors KORS.N has agreed to take control of Versace in a silver convertible car cufflinks deal that could value one of Italy’s most prized designers at $2 billion, sources familiar with the matter said on Monday, Budding luxury conglomerates, including Michael Kors’ U.S, rival Tapestry (TPR.N), owner of Coach and Kate Spade, are trying to make in-roads into an industry still dominated by European players such as Louis Vuitton owner LVMH (LVMH.PA), Michael Kors, whose namesake label is best known for its leather handbags, has made no secret of its ambition to grow its portfolio of high-end brands after buying British stiletto-heel maker Jimmy Choo for $1.2 billion last year..

Versace, known for its bold and glamorous designs and its Medusa head logo, is one of a clutch of family-owned Italian brands cited as attractive targets at a time when the luxury industry is riding high on strong demand from China. But not all brands have benefited equally, with some struggling to refresh their image or products to capture a younger audience, and some fashion groups are looking to diversify with more labels to face such challenges. “Bringing brands like these back to center stage is not as easy as it looks, though,” said Luca Solca, an analyst at Exane BNP Paribas. “Would Michael Kors have what it takes to succeed in this? I wonder. The plan seems ambitious.”.

Shares in Michael Kors fell in early U.S, trade and were down 8.7 percent by 1526 GMT, The move is in line with the U.S, brand’s ambition to aggregate various luxury brands - including fashion, shoes and accessories - under one larger group, The deal - which is expected to be announced imminently - will give Michael Kors a mega-brand and red carpet favorite that is among the most recognizable and followed fashion labels in the world, Two of the three silver convertible car cufflinks sources who spoke to Reuters said the company had agreed to pay a large premium for Versace..

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