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
UK Business
Fortnum & Mason struggling to recruit staff after Brexit vote
Boss of luxury store blames fall in pound and rising anti-migrant rhetoric, saying staff shortage is most acute in restaurants
Empty homes council tax rise unlikely to deter rich owners, say critics
Hammond’s 100% extra tax on vacant property dismissed as ‘joke’ unlikely to hit wealthy buyers or spur re-use of housing
Monaco builds into the Med to house new throng of super-rich
The tax haven has a luxury housing crisis – it doesn’t have enough land for the 2,700 multimillionaires forecast to settle there over the next decade
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