Jennifer Prentice, a medical- equipment saleswoman in Minneapolis, once had no qualms about dropping $600 or more for Gucci purses. Now she spends $300 for Coach Inc. bags and is filling in her Burberry wardrobe with pieces from J. Crew.
Miland Petrozza, the front man of German thrash metal veterans Kreator, is more used to his fans wading through mud and sleeping in tents than coming to his concerts from an afternoon of shuffle board.
Lenovo Group Ltd. will introduce its first smartphones in Africa, with a release planned for Nigeria before the end of the year, as the Chinese company looks for markets where it can sell directly to customers.
Microsoft Corp., trying to find growth markets for its mobile products, is projecting that rising demand in South Africa will help it pass BlackBerry and Android and pave the way for further gains on the continent.
In a dozen years running Reckitt Benckiser Group Plc, Bart Becht earned a reputation for developing innovative products and pushing them into far-flung regions. Achieving similar success at investment firm Joh. A. Benckiser, where he’s trying to assemble an $11 billion portfolio of second-tier coffee brands, will be a lot tougher.