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Schiaparelli names new design director for couture, ready-to-wear

Schiaparelli fragrance sketch from 1937 After the hurried leaving of Marco Zanini, French couture house Schiaparelli has named Bertrand Guyon as its new design director. In November, Schiaparelli confirmed the departure of Mr. Zanini, but did not immediately name a replacement designer (see story). According to WWD, the couture house had been considering Mr. Guyon shortly after Mr. Zanini left the design director position after only a two seasons. Hire couture

Icahn says Apple still undervalued

Apple beat Wall Street’s revenue and profit forecasts on Monday as it sold more iPhones in China than the United States for the first time. Icahn, who has been vocal about his belief that Apple is undervalued, has urged the company’s board to buy back more shares using its huge cash pile. The 79-year-old, one of Apple’s top 10 investors, said in February that Apple stock should be trading at