Cartier owner destroys more than £400m of watches in two years
Richemont bought back stock from jewellers to stop it being sold at knockdown prices
Business
Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Burberry profits from ‘belt bag’ and Christopher Bailey swan song
British luxury brand also boosted by collaboration with hip Russian designer Gosha Rubchinskiy
Rihanna’s empire: empowering women and making lots of money
The singer’s new lingerie brand has been met with fanfare and lengthy online queues
Wealthiest households in Westminster failing to pay extra £833 in tax
Only 2% have made annual ‘community contribution’ requested by council leader
Ice-cream parlours are booming – and it’s not only because of Instagram and teetotalism
Offering everything from liquid nitrogen-frozen creations to vegan sundaes, a new breed of dessert bars are changing the way people socialise – and date
The million dollar cow: high-end farming in Brazil – photo essay
Photojournalist Carolina Arantes documented Brazil’s thriving cattle industry and witnessed how farmers work with genetics companies to improve the performance and profitability of their herds