The Franco-Italian eyewear group’s revenue rose 4% in the third quarter, helped by sales of smart glasses.

The fashion concern said its performance improved in both its retail and wholesale channels, with increased revenue across all its markets, in particular in the Americas.

The oil refiner said the unit’s long-term sustainability is uncertain and affected by market dynamics.

Omead Afshar, who used to work in the office of the CEO, has moved into a vice president role with sales and manufacturing operations under him.

The consulting firm is cutting back on state-linked clients and is working to separate its China operations

The cuts come as the company battles with delays, increased costs and competition from the likes of SpaceX.