Bloomberg Shoppers rushing back to stores after the lifting of lockdowns boosted European brands selling everything from watches to sneakers to handbags. Richemont, the owner of Cartier and Van Cleef & Arpels, reported a more than doubling in first-quarter revenue, while sales at Burberry Group Plc topped estimates. The results show consumers are hungry for luxury goods as they emerge …

Bloomberg L Catterton, the private equity firm backed by luxury French fashion house LVMH, agreed to buy a 60% stake in Italian fashion company Etro SpA, Sole 24 Ore reported on its website, without citing anyone. The deal values Etro at about 500 million euros ($590 million), the newspaper reported. Etro, which had hired Rothschild as an adviser, had been …

Bloomberg Amazon.com Inc was sued by the US Consumer Product Safety Commission (CPSC ), which is seeking an order determining that the largest online retailer is legally responsible for defective products sold in its sprawling third-party marketplace. The complaint filed says Amazon sold children’s sleepwear that failed to meet federal standards for flammability; some 24,000 carbon monoxide detectors that failed …