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In China, It’s Time to Splurge Again, and the Luxury Industry Is Relieved

This time last year, Shanghai — China’s capital of fashion and luxury — was in the throes of a ruthlessly enforced Covid lockdown. The city’s glittering high-end malls and avenues […]




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LVMH Shuffles Leadership at Dior and Louis Vuitton, Its Top Brands

A new year brings a leadership shuffle to the ranks of Louis Vuitton Moët Hennessey, the world’s largest luxury goods group by sales, as its chairman and chief executive, Bernard […]




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These Are the Companies That Have Withdrawn From Russia

More than 400 companies have withdrawn, at least temporarily, from Russia since it invaded Ukraine. Some have been there since the fall of communism — symbols of the enduring power […]




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No Ikea Shelves, No Levis: The Western Retail Exodus From Russia Is On

Ms. Townsend said that luxury brands may also be nervous about selling in Russia because, increasingly, many of the wealthiest people in the country were subject to sanctions.“Typically, when you […]




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Workers in Europe Are Demanding Higher Pay as Inflation Soars

PARIS — The European Central Bank’s top task is to keep inflation at bay. But as the cost of everything from gas to food has soared to record highs, the […]