World news

Burberry to close one in 10 stores worldwide

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Clothing company refuses to reveal location of the 38 outlets earmarked for closure

Super rich buying up Italy’s mansions under new tax regime

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‘You get the same sort of tax savings you get in Jersey but you get to live somewhere you actually want to live’

Louis Vuitton pays homage to New York in embellishment-heavy JFK show

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The collection featured strong silhouettes, skyline imprints and shield-like headpieces

Watches of Switzerland considers stock market listing

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UK’s biggest seller of Rolexes could be valued at up to £800m, if plan goes ahead

The $500m Shed: inside New York’s quilted handbag on wheels

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This puffed-up cultural citadel was meant to be an endlessly evolving, telescopic arts complex. But the glistening billionaires’ playground rising up beside it had other plans