The good, the glad and the celebrities: Burberry hails return of the poncho
British fashion house thanks spaghetti western-style reversible garment for 9% growth in like-for-like sales in past year
Julia Kollewe
Number of ultra-rich swells to almost 173,000
The world gained an extra 5,300 UHNWIs last year and, as with other people worth $30m or more, they like property and luxury items in a big way
Rise in luxury London homes could trigger construction crunch
Record number of high-end homes being built looks set to outpace construction capacity in the capital, warn experts
Mulberry chief executive steps down in wake of profits warning
Bruno Guillon leaves luxury handbag maker after attempt to move upmarket by raising prices causes shares to tumble