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Richemont has struck a deal to offload Yoox Net-a-Porter, its struggling online luxury business, to its German rival Mytheresa after a previous sale agreement collapsed. The Swiss luxury conglomerate, which owns Cartier and other high-end jewellery and fashion brands, had…
Mulberry’s billionaire backer has been charged in Singapore over the case of a former cabinet minister who was sentenced to jail for obtaining gifts from him. Ong Beng Seng, who holds a controlling stake in the luxury goods company, did…