Jewellery helps Richemont sales jump amid post-pandemic luxury revival
Strong demand for its jewellery and watches in the Americas and Europe in a post-pandemic rebound helped quarterly sales at Cartier owner Richemont rise by nearly a third, the world’s second-largest luxury group said on Wednesday. Sales at Richemont rose to 5.658 billion euros ($6.41 billion) in the company’s thirdContinue Reading
Lindt sees sales growth ahead as consumers crave sweet treats
Swiss chocolate maker Lindt & Spruengli (LISN.S), said on Tuesday it expects demand for its upmarket chocolates to grow this year after the pandemic saw consumers increasingly splurge on sweet treats, boosting 2021 sales by 13.3%. Global chocolate markets recovered last year and the maker of Lindor chocolate balls, which keptContinue Reading
Starbucks ties up with Meituan to bolster presence in crucial China market
Starbucks (SBUX.O), which has seen sales slow in China due to COVID-19’s fallout, is attempting to widen its reach in its second-biggest market globally by distributing its coffees through the country’s dominant food delivery firm, Meituan. The U.S. coffee chain said on Tuesday it has entered into a partnership with Meituan (3690.HK) thatContinue Reading
Prada’s Milan fashion week show ends with Jeff Goldblum on the catwalk
Prada called on Hollywood heavyweights Jeff Goldblum and Kyle MacLachlan to bookend its catwalk on Sunday afternoon, bringing a close to a quiet menswear fashion week that saw multiple brands cancel their shows in light of increasing Covid cases across Europe. The appearance of the actors at the Fondazione Prada punctuated the second physicalContinue Reading
Singapore cbank issues guidelines to discourage crypto trading by public
The Monetary Authority of Singapore (MAS) on Monday issued guidelines that limit cryptocurrency trading service providers from promoting their services to the general public, as part of a bid to shield retail investors from potential risks. Singapore is a popular location for cryptocurrency companies due to a comparatively clear regulatoryContinue Reading
No vaccine, no French Open for Djokovic, says French Sports ministry
Novak Djokovic could be barred from playing in the French Open as things stand now after the Sports Ministry said on Monday there would be no exemption from France’s new vaccine pass law. World number one Djokovic, who has not been vaccinated against COVID-19, was deported from Australia on SundayContinue Reading
Significant tsunami damage feared in Tonga, communications still cut
Tsunami-hit Tonga remained largely uncontactable on Sunday with telephone and internet links severed, leaving relatives in faraway New Zealand praying for their families on the Pacific islands as casualty reports had yet to come through. An underwater volcano off Tonga erupted on Saturday, triggering warnings of 1.2-metre tsunami waves andContinue Reading
Djokovic faces deportation after losing Australian appeal
Australia was set to deport tennis superstar Novak Djokovic after the Federal Court on Sunday upheld a government decision to cancel his visa on the grounds that his decision not to be vaccinated against COVID-19 posed a risk to the country. The unanimous ruling by a three-judge bench dealt aContinue Reading
Oculus Quest 2: Meta to discuss children’s VR safety with watchdog
The Information Commissioners’ Office (ICO) is to talk to Meta about how its virtual reality (VR) business Oculus complies with the regulator’s “children’s code”. The code aims to ensure that online services likely to be accessed by children are appropriate for their use. A campaign group recently found evidence ofContinue Reading
People devote third of waking time to mobile apps
People are spending an average of 4.8 hours a day on their mobile phones, according to app monitoring firm App Annie. In 2020, UK regulator Ofcom found similar amounts of time spent, although its research included watching TV. App Annie’s report indicates that apps were downloaded 230 billion times in 2021, whileContinue Reading