• Reuters

    Italian shoemaker Tod's to court US lovers of quiet luxury

    An investment firm backed by LVMH is betting demand from wealthy Americans for quiet luxury will ensure its 510 million euro ($545 million) stake in Italian shoemaker Tod's yields the double-digit returns private equity typically seeks. L Catterton, created by U.S. fund Catterton and LVMH-owner Groupe Arnault, on Friday secured sufficient shares to take Tod's private once the deal, valuing the company at just over 1.4 billion euros ($1.5 billion), formally concludes in the coming days. Listed in Milan but controlled by its founding Della Valle family, Tod's profitability has lagged rivals.

  • BBC

    Surfer murders shock peaceful Mexico community

    A booming tourist and expat community is in shock after the campsite murder of three foreign surfers.

  • BBC

    Met Gala 2024: Zendaya, Cardi B and Sabrina Carpenter lead eye-catching looks

    Zendaya, Sabrina Carpenter and Gigi Hadid were among the stars walking the red carpet in New York.