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Prada to Buy Versace for Nearly $1.4 Billion

On Thursday, in the biggest luxury deal of the year, Prada announced it was buying Versace for 1.25 billion euros ($1.38 billion) from Capri Holdings, a beleaguered New York group that at one point styled itself as the American answer to the great fashion groups of France. The deal is a sign of faith in […]

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Tesla U.S. Sales Plunge as G.M. and Others Make Gains

Tesla’s sales in the United States fell almost 9 percent in the first three months of the year even as the overall market for electric vehicles grew, according to data compiled by a research firm. Car buyers are moving away from Teslas and toward models like General Motors’ Chevrolet Equinox electric vehicle, which starts at […]

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How This Trade War Is Different From All Other Trade Wars

If the on-again, off-again tariff announcements by President Trump have struck you as unusual, that’s for good reason. Nothing like this has ever happened before. That’s the estimation of Douglas Irwin, a Dartmouth economic historian whose 2017 book, “Clashing Over Commerce: A History of US Trade Policy,” is the leading work on the subject. I […]

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How a Deal to Shape Golf’s Future Went Cold

Just months ago, professional golf seemed to be on the brink of resolving a bitter conflict that had torn the sport apart. The PGA Tour and Saudi-backed LIV Golf circuit, rival leagues that had been feuding over stars and audience share for several years, finally submitted a proposal for a deal to the Justice Department. […]

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