business

Flying cars: why haven’t they taken off yet?

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Despite their potential, no one has managed to take them from flight of fancy to everyday reality

Mulberry’s sales of luxury goods fall sharply in UK

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British bag manufacturer says weak pound causing tourists to shop elsewhere in Europe

Cartier owner destroys more than £400m of watches in two years

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Richemont bought back stock from jewellers to stop it being sold at knockdown prices

Burberry profits from ‘belt bag’ and Christopher Bailey swan song

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British luxury brand also boosted by collaboration with hip Russian designer Gosha Rubchinskiy

Whole lotta debt: can Gibson guitars strike a chord again?

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The guitar-maker favoured by everyone from Jimmy Page to Johnny Marr has filed for bankruptcy. But with old models fetching up to £200,000, the firm should still be able to trade on its reputation