business

Luxury Brands Slash Prices to Entice Middle-Income Buyers

As The Wall Street Journal (WSJ) reported Sunday, this move — by companies such as Burberry and Yves Saint Laurent — is aimed at enticing the 330 million people who spend less than $2,180...

9 Career Actions To Take Before Summer Ends

Summer often brings a slower pace, providing a much-needed opportunity to recharge, and that’s important. Although it won’t be long before summer is in the rearview mirror, there’s still time to focus a little...

Armani and Dior probed in Italy following worker exploitation claims

Italy’s competition authority is investigating whether Armani and Dior have misled consumers about their production processes, following reports that local companies in their supply chains pay workers too little and force them to work...

Amazon must comply with US agency’s pregnancy bias probe, judge rules

A New York federal judge has ordered Amazon.com, opens new tab to comply with a subpoena from a U.S. civil rights agency investigating claims that the online retailer discriminated against pregnant warehouse workers. U.S. District...

Adidas set to benefit as Nike struggles

The success of Adidas' opens new tab low-rise multi-coloured Samba and Gazelle sneakers, along with weaker sales at rival Nike, should help the German sportswear brand deliver strong second-quarter sales and its biggest profit margin...

Nike plots $100 sneaker line as shares plunge in worst-ever drop

Nike will roll out new $100-and-under sneakers in countries around the world, its chief financial officer said Thursday, as the sportswear giant tweaks its product lineup in a plan aimed at getting sales back...

Europe’s richest man liked this Paris bistro so much his company bought it

French luxury conglomerate LVMH has added a tiny Parisian bistro to its sprawling empire of designer fashion brands, jewelry makers and hotels. The company, owned by Europe’s richest man Bernard Arnault, said Thursday that it...

Katy Perry-backed food products firm Bragg explores sale

Bragg Live Food Products, which is backed by celebrities Katy Perry and Orlando Bloom, is exploring a sale that could value the maker of apple cider vinegar at more than $500 million, including debt,...

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