A former partner at Bain & Co has launched a $50 million fund focused on cosmetics and beauty products derived from hemp, a type of cannabis.

Global sales of personal luxury goods will rise this year but only moderately, with higher spending in Japan and Europe compensating for flat trends in Asia and the United States, an industry report showed on Tuesday.

"Despite a crackdown on graft in China, Russia's conflict with the West over Ukraine and Europe's sick-man economy, global luxury spending is still

PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world's largest luxury-goods maker, reported third-quarter revenue that met analysts'