Bloomberg The owner of Coach says its strong sales in China aren’t under threat from President Xi Jinping’s push to narrow his country’s wealth gap because the brand’s customers are mainly middle class. “We do think we’re at an advantaged position with the policies,” said Joanne Crevoiserat, the CEO of Coach’s parent, Tapestry. “We see further strengthening of the middle class.” ...

Bloomberg Future Retail Ltd’s independent directors have urged India’s antitrust body to revoke its approval of a 2019 deal between one of its group companies and an Amazon.com Inc unit, saying the American retailer lied to the regulator. Amazon obtained the Competition Commission of India’s approval for its purchase of 49% of Future Coupons Pvt with an option to buy ...

Bloomberg US President Joe Biden and Chinese leader Xi Jinping have plenty to discuss during their first virtual summit — from sanctions to Taiwan — even as expectations for a breakthrough on major issues are low. A Biden administration official said the US expects the virtual summit in Washington to last several hours, a time frame that includes translation for ...