Bloomberg Gucci sales fell for a fourth quarter, ending years of expansion as the luxury brand and growth motor of Kering struggled amid renewed lockdowns in Europe. Revenue at the Italian luxury brand dropped 10% on a comparable basis to 2.28 billion euros ($2.76 billion) in the three months through December, Kering said on Wednesday. Analysts had expected a 7.2% ...

Bloomberg EBay Inc’s sale of its online classifieds business to Adevinta ASA has hit a hurdle, as UK regulators voice concerns over the potential threat to competition that the tie-up poses. The UK Competition and Markets Authority (CMA) told the companies to propose remedies that address antitrust concerns for the deal, which was valued at $9.2 billion when it was ...

Bloomberg President Joe Biden said the racial strife that’s gripped the US since George Floyd’s death is an opportunity to make significant strides toward addressing inequity, likening the era to the civil rights movement of the 1960s. “We have a chance now, a chance now, to make significant change in racial disparities,” Biden said at a CNN town hall event ...