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Business 10 Dec 2015 | 12:00 AM

Shoemaker Sergio Rossi to be sold to Italian firm

PARIS: Gucci owner Kering SA agreed to sell shoemaker Sergio Rossi to an Italian buyout firm after struggling to turn around the business.

Business 21 Apr 2016 | 12:00 AM

Investcorp to double deals

DUBAI: Investcorp Bank BSC, the Gulf’s largest private investor in US real estate over the past 10 years, plans to step up property investments in the world’s largest economy as it seeks to double assets under management to US$25bil over the next five to seven years.

Economy 14 Aug 2016 | 7:52 AM

China's shopping army reboots Australia retail

SYDNEY: In 2013, student Na Wang began shipping fish oil capsules to China from Sydney to help pay the rent. Now, she's in business, part of a growing army of Chinese shopping agents sending Australian food and diet pills home to feed rampant demand.

Business 06 Oct 2016 | 12:00 AM

Tourist numbers up in Hong Kong but they spend less

HONG KONG: Despite a higher amount of tourist arrivals in conjunction with this year’s week-long National Day holiday, retailers and hoteliers in Hong Kong did not make more money.

Economy 13 Dec 2016 | 6:07 AM

China Nov retail sales strong but private investment begins to slow again

BEIJING: China posted its strongest retail sales growth of the year in November, while surging steel production lifted factory output, but private investment began to slow again, leaving the economy more reliant on state spending and mounting debt.

Business 12 Apr 2017 | 12:00 AM

LVMH shares rise as sales point to industry rebound

PARIS: LVMH rose to a record in Paris trading after the luxury-goods leader reported sales that far exceeded estimates, the biggest sign yet of a rebound in demand across the industry.

Business 13 Apr 2017 | 12:00 AM

Now you can get Gucci delivered fast

PARIS: Thanks to a partnership with London-based fashion technology company Farfetch, you can soon get Gucci clothing and accessories whisked to your door within 90 minutes.

Business 04 May 2017 | 12:00 AM

French stock ETFs draw US investors

PARIS: In a show of relief that France averted the worst-case scenario for a runoff vote, US investors are piling into exchange-traded funds tracking the country’s equities.

Business 02 Jun 2017 | 12:00 AM

Yoox Net-a-Porter targeted by short sellers as competition grows

PARIS: Short sellers are betting against Yoox Net-a-Porter SpA in the increasingly competitive business of selling luxury goods online.

Corporate News 14 Jun 2017 | 12:00 AM

Christian Dior chief upbeat on Europe prospects

SHANGHAI: Christian Dior SE chief executive officer Sidney Toledano is optimistic the European economy will do better in the coming years, especially with recently elected French President Emmanuel Macron’s promises to reform labour market regulations