Business

Luxury goods are the new consumer “staples” for Chinese consumers, according to Raphael Pitoun, portfolio manager at CQS New City Equity. Speaking to CNBC’s “Squawk Box Europe” after confirmation that Louis Vuitton owner LVMH had agreed a $16.2 billion deal to buy Tiffany & Co, Pitoun said LVMH’s experience growing the Bulgari brand internationally would
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Elsa, voiced by Idina Menzel, in “Frozen II.” Disney Disney’s “Frozen II” catapulted to the top of the weekend box office with a $127 million opening weekend haul. Internationally, the film sold $223 million in tickets, bringing its global total to $350 million for its first three days in theaters. The movie’s haul was in-line with analyst
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