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Japanese designer Issey Miyake dies, at 84

Miyake was famed for his pleated style of clothing that never wrinkles and for producing the signature black turtleneck ...

Alibaba revenue growth flatlines for first time as China’s lockdowns bite

Alibaba Group has reported flat quarterly revenue growth for the first time in its history, showing how China's Covid lo...

Thai businesses cash in on cannabis, from milk tea to toothpaste

Thai businesses are cashing in with cannabis-infused products like toothpaste, tea, soaps and snacks after the governmen...

Apple forecasts faster sales growth, despite glum economy

CEO Tim Cook says Apple is “being more deliberate" in hiring in recognition of the realities of the environment.

Puma raises revenue outlook, handling China woes better than Adidas

Puma reported strong second-quarter earnings and raised its full-year outlook, coping with headwinds in China better tha...

Netflix plans to build brands that span far beyond streaming

Netflix teams are plotting ways to milk more from Netflix's bigger shows and movies.

Burberry held back by China lockdowns and US weakness

The British brand, known for its red, black and camel check and TB monogram, saw comparable sales in mainland China plun...

Analysis: The NFT dream isn’t dead, but it’s taken a big non-fungible beating

The market shone gloriously last year as crypto-rich speculators spent billions of dollars on the risky assets, pumping ...

What happens to Luxottica founder Del Vecchio’s €27 billion fortune?

Leonardo Del Vecchio leaves a business empire worth €27 billion, ranging from the eyewear company that was his life's wo...

Walgreens shelves pharmacy Boots’ sale as market turmoil hits dealmaking

Boots was initially valued at as much as 8 billion pounds, or US$10.88 billion.

From poverty to billions. Vale: Leonardo del Vecchio, founder of Luxottica

Del Vecchio rose from a childhood in an orphanage to amass a fortune of tens of billions of euros.

Latitude Group rescinds buyout offer for Humm’s BNPL business

Australian digital payment and lending firm Latitude Group has terminated its $335 million offer to buy Humm Group's con...

Goodbye Golden Arches: rebranded McDonald’s stores reopen in Russia

McDonald's last month said it was selling its restaurants in Russia to one of its local licensees, Alexander Govor.

Uniqlo owner to raise prices on fleece products due to weak yen

Consumer prices are surging in Japan after decades of deflation, driven by the yen's drop to a 20-year low against the d...
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Apple to cut working hours for retail staff, Microsoft open to unionisation

Last week, the iPhone maker told Reuters it will raise pay for its US employees to $22 per hour or more.

Cotton struggles squeeze Asian garment makers, threatens Covid recovery

A near doubling in benchmark cotton futures to 11-year highs, hard on the heels of a spike in freight and fuel prices, i...

Moscow’s ‘shuttle traders’ may return as Nike axes Russian franchise deals

Inventive Retail Group (IRG), which operates 37 Nike-branded stores in Russia through its subsidiary Up And Run, said th...

India’s Reliance to buy dozens of brands in $6.5bn consumer goods play

Reliance plans to build a portfolio of 50 to 60 grocery, household and personal care brands within six months and is hir...

Tod’s says China lockdowns won’t derail 2022 results

The analyst consensus is for 2022 sales of around 970 million euros and a 5 per cent EBIT margin.

Ferragamo CEO promises quick turnaround despite China hit

Marco Gobbetti, who joined the family-owned group in January from Burberry, forecast a rise in Ferragamo's sales this ye...