Business

Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.

Aston Martin confirms sacking of chief after share collapse

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Andy Palmer, who had been head of car firm since 2014, will be replaced by Tobias Moers

Food-waste firm bags Oprah Winfrey and Katy Perry as investors

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US startup Apeel Sciences raises further $250m to help tackle supply chain disruption

Shopping habits of generation Z could spell end of fast fashion

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Research shows consumers are following younger generation’s lead in move towards sustainable fashion

‘What’s the point?’: Paris fashion faces up to life after lockdown

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Socially distanced shopping proves a hard sell in the French capital with few places open to show off

McLaren pledges luxury cars as collateral in bid to secure £250m

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F1 firm’s revenues slump but government refuses emergency £150m loan

Burberry cancels dividend after sales plunge 27%

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Luxury brand axes payment to shareholders worth about £120m amid Covid-19 crisis