Diageo takes £264m hit after China’s luxury goods crackdown
Drinks maker hit by its stake in Shui Jing Fang as sales tumble 78% after government action over baijiu and other brands
business
Stephen Burks on DIY-meets-luxury and sustainable design
The modernist designer seeks ‘a return of the hand’ – or handmade products – in high-end consumerism
Burberry chief executive sells more than £5m of luxury brand’s shares
Christopher Bailey offloads shares after shareholders slapped down fashion brand for handing him share awards
‘Big egos’ and inaction: whatever happened to the B Team?
Critics say Richard Branson’s sustainability initiative has made no real progress one year after launch, Jo Confino calls for fewer press releases and more fist banging
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From firewater to fine dining: exports triple for tequila’s poor cousin, mezcal
Aficionados say Mexico’s agave spirit retains a charm and subtlety lost by its mass-produced rival – and has the potential to be as popular as single-malt whisky
The big winner of summer is Mykonos as celebrities put the glamour back in Greece
The playground of the 1960s jetset is back in fashion as the country’s tourist hotspots give the economy a boost