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Libby Cherry
Finance
Mohari outbids LVMH’s Bernard Arnault by €309 million in battle over Venice’s iconic Hotel Bauer
By
Libby Cherry
,
Giulia Morpurgo
, and others
Finance
U.K. faces highest level of financial distress in Europe with corporate deleveraging at its peak since 2008
By
Libby Cherry
and
Bloomberg
Retail
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
Finance
1 in 15 European companies face restructuring pressure, with Germany, Austria and the Nordics taking the lead
By
Libby Cherry
and
Bloomberg
Companies
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
Companies
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
Finance
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
Finance
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
Finance
Investors cheer Boris Johnson’s decision to quit as U.K. Prime Minister
By
Naomi Tajitsu
,
Libby Cherry
, and others
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
Finance
Investors flock to the dollar as G-10 currencies plummet following Ukraine invasion
By
Libby Cherry
,
Vassilis Karamanis
, and others