Rising competition from local device makers puts pressure on Silicon Valley group’s business in China
Billionaire family already owns clubs in South Africa, the US and the United Arab Emirates
The new setting is part of a collaboration with Louis Vuitton’s creative director Pharrell Williams
Low-cost airline hit by engine problems that have taken a fifth of its fleet out of action
Pietro Beccari is betting that the label’s sole title sponsorship of F1 will help it evolve from a fashion brand into a ‘cultural’ one
British Retail Consortium said many of the incidents were linked to organised crime
Competition for gamers’ attentions and wallets is getting fiercer in 2025
Supermarket is latest UK retailer to caution on Labour government’s tax increases
Decline more than offset by increased revenues from airport and train station outlets
Collapsed US start-up Thrasio, once valued at $6bn, was backed by private equity groups Advent and Silver Lake
The British make-up artist behind the billion-dollar cosmetics brand must live with a wave of imitators
New CEO’s turnaround plan includes a potential doubling of its US footprint and effort to revive nostalgia for its heyday
Disposal follows speculation about group’s portfolio ahead of annual results next week
Transaction comes seven months after majority owner Permira pulled planned IPO of Italian brand
Chief financial officer says performance ‘objectively better in Europe and the US’ in fourth quarter
Hyatt, IHG and Radisson are expanding in China but shifting focus to more cost-conscious travellers
Planned extension of peer-to-peer Preloved platform follows successful pilots in Oslo and Madrid
Coffee chain launches plan to get more paying customers back in stores as it reports fewer transactions
Tom Crowley predicts further buyout interest in fast-growing segment of the quick service restaurant sector
Staying relevant is easier for big brands, which can also adopt trends quickly
Tesco, M&S and Iceland among those extolling the benefits of playing music and promotional messages
Company is exploring strategic options and may concentrate on its travel business
Also in this week’s newsletter, losses widen again at DAZN
Critics of ‘roll up’ strategy say consolidation has stoked price inflation but industry says other factors are at play
Retailer’s decision comes days after Trump restricted similar programmes within the federal government
