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Business and Market Activity, Week of 23 May 2016

Luxury Goods Sales to Grow By No More than 2 Percent in 2016 via Bain & Co released its spring update on the global luxury market. Sales will grow by...

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Fake Goods Trade Now Valued At $461 Billion

PARIS — Counterfeited and pirated goods accounted for up to 2.5 percent of world trade, or as much as $461 billion, significantly damaging companies and state funds, said the Organisation for Economic...

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Prada Store Closures to Offset Openings and Protect Profit Margins

MILAN — Italian fashion house Prada S.p.A. will offset new shop openings with selective retail store closures this and next year in an effort to protect profit margins from weaker demand....

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