Why wine is better than Birkin bags as investment

(NYTIMES) – The pour among the rich is different from you and me – only they can afford grand cru burgundy. That wasn’t always the case. In the 1990s, middle-class wine lovers could still afford to experience that rite of passage – drinking a truly great wine, not simply to enjoy it but also to understand what qualities made it […]

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Stocks at record high as risk trade continues, dollar under pressure

NEW YORK (Reuters) – Stocks across the globe rose on Friday and remained on track for their strongest monthly performance on record as recent vaccine progress, Joe Biden’s U.S. presidential election win and a weaker dollar continue to entice risk-taking.FILE PHOTO: A man wears a protective mask as he walks past the New York Stock Exchange on the corner of […]

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The Outside View: Finding the True Value in Black Friday

Time has been strange in 2020, and it’s hard to grasp that Black Friday – the infamous day when retailers slash prices and customers save the date in anticipation of scoring the “best bargain” – is already here. When the first lockdown occurred during spring, the biggest problem for fashion retailers was inventory—mainly the fact they had too much, some […]

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Warehouse Group warns of possible stock delays

The Warehouse Group has warned it could face some product delays in the months ahead as international supply chain disruption continues. At the company’s annual general meeting, group chief executive Nick Grayston said The Warehouse and Torpedo7 were facing the prospect of stock shortages within some product categories. “Covid-19 has required us to take additional measures to ensure that there […]

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Five things you need to know about Black Friday

By now Black Friday is well under way with retailers working hard to get consumers to part with their dollar. The Herald rounds up all the information you need to know about the drawn-out flash sales event – what’s hot, what’s not and what to be mindful of when hitting the shops or shopping on the big wide web. Kiwis […]

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China, Korea and Digital Channels Help to Buoy Mulberry in First Half

LONDON – Double-digital sales gains in Asia, in particular China and Korea, and in the digital channel helped take the sting out of Mulberry’s performance in the first half, and those positive trends are gaining steam. In the 26 weeks ended Sept. 26, group revenue fell 29 percent to 48.9 pounds, reflecting the impact of the pandemic and the closure […]

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China fintech giants scramble to rethink IPOs, raise capital

BEIJING (BLOOMBERG) – Jack Ma’s vision of the future of finance in China is being upended by regulators, along with the ambitions of conglomerates that followed his lead. Mr Ma’s Ant Group is in talks with regulators about injecting capital into its micro-lending units just weeks after its US$35 billion (S$46.9 billion) initial public offering was halted in a sector-wide […]

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NZ Herald audience breaks records in extraordinary news year

New Zealanders have turned to the Herald in record numbers at a time when accurate information became a necessity. During the relentless news cycle of the past year, the New Zealand Herald’s overall print-digital readership is at record levels and newspaper readership is its highest in almost a decade. The latest readership insights released by Nielsen into New Zealanders’ news […]

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