Luxury brand Fabergé sold to tech investor for $50mn
Entrepreneur Sergei Mosunov buys jeweller behind opulent eggs from struggling mining group Gemfields
Entrepreneur Sergei Mosunov buys jeweller behind opulent eggs from struggling mining group Gemfields
Gemfields, which owns brand, agrees deal with SMG Capital, controlled by Sergei Mosunov
Second-tier brands and retailers are starting to stretch their tendrils upwards
High prices and a new tax regime have deterred buyers and led to hundreds of store closures
Premium manufacturers keep delivering to lucrative customers despite sea freight disruption
Eye-watering payments show how hard it is for tech companies to build a competitive moat
Financial services entrepreneur wins auction that drew interest from wealthy individuals, family offices and media groups