Business

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Hermes Bucks Luxury Slow Down With High Sales But Flags Weakness in China

Hermes Bucks Luxury Slow Down With High Sales But Flags Weakness in China

The maker of Birkin handbags reported higher sales in the second quarter, helped by wealthy customers, helping the company weather…
Bill Ackman’s Pershing Square Closed-End Fund IPO Delayed: NYSE

Bill Ackman’s Pershing Square Closed-End Fund IPO Delayed: NYSE

Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman is postponing…
Howard Schultz opposes Starbucks settlement with activist investor Elliott

Howard Schultz opposes Starbucks settlement with activist investor Elliott

Unlock Digest Editor for free FT Editor Roula Khalaf picks her favourite stories in this weekly newsletter. Howard Schultz, the…
Chinese shoppers flock to Japan to take advantage of weak yen

Chinese shoppers flock to Japan to take advantage of weak yen

Chuo Ward, Tokyo, Japan – February 23, 2018; Top luxury shopping streets lined with colorful neon signs. Ginza avenues are…
Netanyahu meets with Biden and Harris after divisive speech to Congress

Netanyahu meets with Biden and Harris after divisive speech to Congress

Unlock the free US Election Countdown newsletter The big stories about money and politics in the race for the White…
Champagne sales are falling because people are too sad to celebrate, LVMH says

Champagne sales are falling because people are too sad to celebrate, LVMH says

A hallmark of a party or celebration is the popping of a bottle of champagne. The fizzy alcoholic beverage kicks…
Southwest Airlines is eliminating open seating on flights

Southwest Airlines is eliminating open seating on flights

Under pressure to improve profits, Southwest plans to make major changes to its boarding process as well as to how…
Coinbase UK unit fined $4.5 million by UK regulator for breaching privacy of ‘high-risk’ customers

Coinbase UK unit fined $4.5 million by UK regulator for breaching privacy of ‘high-risk’ customers

Illustrative photo of Coinbase in Suqian, Jiangsu Province, China on June 6, 2023 (Illustrative photo by Costfoto/NurPhoto via Getty Images)…