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Financial

Starbucks global sales fall despite Chinese boost

Starbucks global sales fall despite Chinese boost

Starbucks has reported a larger-than-expected fall in quarterly sales as the renewed surge in coronavirus cases in the US kept customers at home. The world’s largest coffee chain’s global same-store sales f...
Thriving Louis Vuitton offsets drop in sales at luxury group LVMH
L’Occitane files for bankruptcy in US
Amazon tries to block Future’s retail asset sale, seeks CEO’s detention-filing
MySale’s first half exceeds expectations

Financial Archives

Shiseido plans sale of consumer product lines for over $1.45 billion – report

Brands set to be spun off include Tsubaki haircare and Sea Breeze deodorants.

EBay close to selling Korean unit: Report

G-Market, Auction and G9 will reportedly be sold in a deal worth $4.5 billion.

Prada cuts ties with Chinese actress after surrogacy controversy

Italian luxury label made the announcement after coming under heavy criticism for cooperating with 30-year-old Zheng.

Burberry delivers growth in APAC, online during third quarter

Burberry's comparable sales grew 11 per cent in APAC, from strong growth in Mainland China and Korea.

Cartier and Asia help Richemont quarterly sales rise 5 per cent

Sales of luxury watches have contracted sharply during the Covid-19 pandemic, but the jewellery category led by Richemon...