Libby Cherry

Libby Cherry

PARIS, FRANCE - JUNE 15: Chairman and Chief Executive Officer of LVMH Moet Hennessy Louis Vuitton, Bernard Arnault attends the Viva Technology conference at Parc des Expositions Porte de Versailles on June 15, 2023 in Paris, France. Viva Technology, the biggest tech show in Europe but also in a unique digital format, for 4 days of reconnection and relaunch thanks to innovation. The event brings together startups, CEOs, investors, tech leaders and all of the digital transformation players who are shaping the future of the Internet. The annual technology conference, also known as VivaTech, was founded in 2016 by Publicis Groupe and Groupe Les Echos and is dedicated to promoting innovation and startups. (Photo by Chesnot/Getty Images)

Mohari outbids LVMH’s Bernard Arnault by €309 million in battle over Venice’s iconic Hotel Bauer

By Libby Cherry, Giulia Morpurgo, and others

Looking up through a street level sculpture amidst the giant glass architectural towers including the Leadenhall building on the left and 22 Bishopsgate on the right at night in the City of London on 14th November 2022 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known as the Square Mile. Over the last decade or so the architecture of the City has grown upwards with skyscrapers filling the now cluttered skyline, and increasing its scale upwards with glass towers. (photo by Mike Kemp/In Pictures via Getty Images)

U.K. faces highest level of financial distress in Europe with corporate deleveraging at its peak since 2008

By Libby Cherry and Bloomberg

Chief Executive Officer of LVMH, Bernard Arnault.

LVMH billionaire Bernard Arnault enters race to acquire Venice’s iconic Hotel Bauer—with bids rising over €275 million

By Laura Benitez, Angelina Rascouet, and others

Male and female business colleagues working against window in office

1 in 15 European companies face restructuring pressure, with Germany, Austria and the Nordics taking the lead

By Libby Cherry and Bloomberg

Christmas shoppers outside the Selfridges department store on Oxford Street on 20th December 2023, in London, England.

London’s historic luxury department store, Selfridges, is hunting for cash following the implosion of its property titan co-owner

By Libby Cherry, Lucca de Paoli, and others

Entrepreneur Rene Benko

Once a luxury property billionaire rubbing shoulders with Europe’s elite, Rene Benko’s empire is now coming apart at the seams with his two biggest vehicles filing for insolvency

By Libby Cherry and Bloomberg

Liz Truss

Markets are cheering Liz Truss’ resignation as the pound extends gains. ‘It’s positive for both the pound and gilts in the long run’

By Libby Cherry, Alice Gledhill, and others

Liz Truss

The pound plunges to an all-time low early Monday as the market gives thumbs down to Tory tax cut double-down

By David Goodman, Libby Cherry, and others

Prime Minister Boris Johnson speaks during Prime Minister’s Questions in the House of Commons, London. Picture date: Wednesday July 6, 2022. (Photo by House of Commons/PA Images via Getty Images)

Investors cheer Boris Johnson’s decision to quit as U.K. Prime Minister

By Naomi Tajitsu, Libby Cherry, and others

Russia President Vladimir Putin gestures with wide arms while seated on stage at Russia's annual economic forum

After months of stalling, Russia finally defaults on its foreign debt—although Moscow still says it can pay

By Giulia Morpurgo, Libby Cherry, and others

Men looking at currency conversion rates.

Investors flock to the dollar as G-10 currencies plummet following Ukraine invasion

By Libby Cherry, Vassilis Karamanis, and others