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

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

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

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

Wealthiest households in Westminster failing to pay extra £833 in tax

Only 2% have made annual ‘community contribution’ requested by council leader

Serum capsules worth trying

Individual capsules, twisted open for a fresh, daily application, have the added benefit of taking up about as much space in your suitcase as an aspirin

Ice-cream parlours are booming – and it’s not only because of Instagram and teetotalism

Offering everything from liquid nitrogen-frozen creations to vegan sundaes, a new breed of dessert bars are changing the way people socialise – and date

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

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