Bloomberg Europe’s wealthiest man is spending more than $1 billion on a Paris department store at a time when other shops are going out of business and consumers are turning to Amazon.com Inc. La Samaritaine, part of billionaire Bernard Arnault’s LVMH luxury empire, is set to reopen next April after a 15-year renovation. The company gave reporters a tour of …

Bloomberg Nestle SA expects to get about a quarter of a billion dollars in extra revenue from Starbucks-branded products this year after it began selling items including Nespresso-compatible capsules under a partnership with the US coffee giant. Starbucks-branded merchandise will add about 250 million Swiss francs ($252 million) to sales this year, a spokesman said in response to questions. Last …

Bloomberg South Africa’s government ruled out an intervention in the ongoing battle between the struggling state airline and unions leading a strike, with public enterprises minister Pravin Gordhan refusing to step in to fund wage demands. The state has already given South African Airways (SAA) more than $1.4 billion over the past three years, Gordhan said in an emailed statement. …