Gucci confirms its offices were raided over suspected tax evasion
Fashion house follows Prada and Dolce & Gabbana in facing investigation as tax authorities seek to recover more than €1bn
Financial
London’s Bond Street has world’s third-highest business rents
Shopping thoroughfare overtakes Champs Élysées in Paris in ranking as tourism boom from weak pound boosts luxury sector
Burberry to reinvent itself as a super luxury British brand
New boss announces plan to raise the premium and put the fashion label on par with the likes of Dior and Gucci after better than expected results
Apple shares hit record high as iPhone X pre-sales fuel 19% rise in profits
- Apple worth over $868bn, close to making it world’s first $1tn company
- CEO Tim Cook: ‘This was our biggest year ever in most parts of the world’
Ferrari on course for €1bn annual profit as supercar demand rises
Worldwide sales of Ferraris, Bentleys, Lamborghinis, McLarens and Rolls-Royces have risen 51% over the past five years
World petrol demand ‘likely to peak by 2030 as electric car sales rise’
Wood Mackenzie predicts global oil growth will plateau about 2035 – earlier than some previous forecasts