Burberry Group Plc, the U.K.’s largest luxury-goods maker, reported full-year profit that beat estimates, boosted by strong demand in China and Hong Kong, and increased the dividend by more than analysts expected.
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.
Multiplan Empreendimentos Imobiliarios SA, the Brazilian mall developer that lured Gucci and Prada to Rio de Janeiro, will expand its luxury segment after revenue from its first high-end project topped its expectations.
Nicole Kidman, Amy Poehler, Bradley Cooper, Barbra Streisand, Sharon Stone and Kevin Spacey were among the players of Hollywood, politics and the media gathered this past weekend for parties around the White House Correspondents’ Association Dinner.