Luxury online retailer, linked to South Africa’s richest man, to exit Chinese market
The decision to exit China underscores the increasing pressures faced by luxury retailers in the world’s second-largest economy.
Africa’s first female billionaire Isabel dos Santos fights $734-million asset freeze
The legal battle continues as dos Santos seeks to overturn the freezing order and address the charges against her.
Johann Rupert loses $300 million as Richemont shares slide
The recent $300 million decline in Johann Rupert’s wealth is tied to the performance of his 10.18 percent stake in Richemont.