Bloomberg Gucci surged past rival Hermes in sales as shoppers snapped up more of designer Alessandro Michele’s crystal- and sequin-coated creations over the holidays. The Italian fashion label closed out the year with another quarter of runaway growth, with comparable sales rising 43 percent, parent Kering SA said in a statement on Tuesday. Its revenue of 6.2 billion euros ($7.6 …

Bloomberg Southwest Airlines Co.’s cancellation of 250 flights at Midway Airport Feb 11 was the third time in two months that a shortage of de-icing fluid has complicated the carrier’s Chicago operations. Heavy snows forced Southwest to use much more than the normal amount of glycol to remove ice and snow from planes that parked at the airport overnight, eating …

Bloomberg PepsiCo Inc.’s snacks are having to pick up more of the slack for its ailing beverages. The company posted sales and earnings that topped analysts’ estimates last quarter, helped by an uptick in volume at its Frito Lay business in North America. The snack growth helped offset continued declines at the Purchase, New York-based company’s drinks business. Still, a …