luxury

A Texas-based hotel empire begrudgingly pledged to return coronavirus aid for small businesses after the feds threatened to go after big companies that kept the money. The Ashford Group of Companies slammed the Trump administration for shifting the rules of its $659 billion Paycheck Protection Program — as it announced plans to repay the loans …

Gucci sales were hit hard at the beginning of the coronavirus crisis due to its strong reliance on Chinese customers, owner Kering said on Tuesday, though it added that the Italian brand should be well positioned for a recovery. Kering sales fell 15.4 percent, to $3.47 billion, in the first quarter, affected, like its rivals, …

On any other Friday evening in mid-April, “The Loopy Doopy” rooftop bar at the Conrad Hotel in Battery Park City would be abuzz with Goldman Sachs bankers wrapping bright blue blankets around their shoulders while sipping overpriced happy-hour drinks. But this year, the bar is closed, and there are no bankers checked into the luxury …