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
Financial
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
Cartier and Montblanc owner in court action to stop online sale of counterfeits
Broadband providers fear impact of action by Richemont, which seeks to equate trademark and copyright infringement
Burberry hands Christopher Bailey golden hello worth up to £7.6m
Clothing company’s new CEO receives payment of 500,000 shares after taking over from Angela Ahrendts earlier this month
London flat ‘sells for £140m’ to become the city’s most valuable property
One Hyde Park penthouse believed to be taken by overseas buyer, ‘injecting new vitality’ into capital’s super-prime market
Mulberry to bring in cheaper handbags for price-conscious British customers
New boss Godfrey Davis said the company had got it wrong by following its luxury goods rivals in continually putting up prices