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US airlines introduce ‘premium economy’ for passengers

  Bloomberg As space in economy class becomes ever more constrained, airlines have devised a more spacious cabin product for passengers priced out of business class but determined to escape the indignities of steerage. Called “premium economy,” this section of added frills between coach and business aims to address a widening gap that has emerged between those cabins—and to extract ...

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Farfetch plans IPO as early as 2017

  Bloomberg Luxury fashion startup Farfetch is meeting advisers about an initial public offering in New York as early as the end of next year, according to people familiar with the matter. Farfetch will appoint advisers in the coming months, the people said, asking not to be named as the details aren’t public. No final decisions have been made, and ...

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UK retail sales break out of nine-month slump

  Bloomberg Britain’s retailers received a much-needed boost last month as sales grew for the first time since January. Same-store sales rose 0.7 percent compared with October last year, business advisory firm BDO LLP said in its monthly report. Sales of home furnishings led the rebound, growing 11.6 percent. The growth is welcome news for retailers, many of whom have ...

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