Business

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

Mulberry reports £11m losses despite efforts to win younger customers

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UK sales fall after department store discounts, but brand says growth in Asia has accelerated

Wealthy people are spending less – are they seeing signs of a recession?

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A recent USB report found wealthy investors are increasing their cash reserves, adding to growing evidence suggesting they see trouble on the horizon

The ‘Billionaire Effect’ is alive and well across the world – and shows little sign of slowing

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    The billionaire boom of the past five years has now undergone a natural correction. Report. Billionaires are transforming the business of global philanthropy. Billionaire-controlled companies have returned almost twice the average market performance over the past 15 years. This is one of the findings of the annual UBS and PwC Billionaires Insights report, … Read more

Global stock market rout leaves world with 57 fewer billionaires

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Big fall in wealth in China as combined fortunes of ultra-rich dips for first time since financial crisis, says UBS

Luxury player: why Bernard Arnault is making a blockbuster bid for Tiffany’s

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France’s richest man has turned LVMH into a leviathan: this move will be the crowning glory of a calculating career