Currency swings sap spending power of American and Chinese travellers overseas

Inditex put cash into subsidiary before sale for ‘not significant’ sum to company now selling near-identical products

And its lessons for other high-end brands

Worries that the luxury business is peaking are overblown

Changes are the latest in a wider generational shift in the luxury giant’s management

The crown jewel of the $390 billion luxury goods industry, Hermès is thriving thanks to its penchant for doing things its own way.