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Dolce and Gabbana get suspended sentences for hiding €100m from Italy tax authorities

Use by Italian business of holding companies registered in Luxembourg has been a target for tax authorities

Vodafone raises Kabel Deutschland offer after rival bid

Company willing to pay €85 a share, increasing bid which was previously rejected

Multicoloured Alcatel One touch smartphones sit on display in the Alcatel-Lucent pavilion at the Mobile World Congress in Barcelona, Spain, earlier this year. Photograph: Simon Dawson/Bloomberg Alcatel-Lucent plans drastic cuts to turn around fortunes

Chief Michel Combes to sell €1bn of assets and slash costs by another €1bn

Dublin-based Cartrawler provides software and systems to airlines, travel companies and others in the tourism trade to allow them to offer car-hire services on their websites. Cartrawler buys rival’s on-line business

Deal will boost revenues to €500 million

Natasha Lynch: "When I first set up the business, the biggest challenge was people taking me seriously as I was so young." Inside Track: Getting to grips with Essential French

Setting out its targets a year before the World Cup kicks off in Brazil, Adidas said sales from its soccer division would break the €2 billion barrier for the first time in 2014. Photograph: Reuters/Michael Dalder Adidas sets new soccer sales goal in World Cup year

Chief executive of sportswear maker plays down concerns over Brazil protests

Telefonica says it has not received any verbal or written approach from AT&T. Photograph: Reuters Telefónica shares rise on talk of interest from AT&T

Telecoms group forced to deny reports of takeover approach

Asia Briefing : Cultural differences hold back M&A market

Asia Briefing: Boots and Walgreen players in consolidating pharma retail market

Peter O'Rourke, with hairdresser Ruth Robertson and model at the 2013 Peter Mark Hairstyling Awards at the Burlington Hotel Future Proof: Peter Mark finds itself in good trim for a new generation of customers

Paddy Power has won an appeal to open a new shop in East Ham in London. (Photo: Julien Behal/PA Wire) Paddy Power wins appeal over London outlet

Gambling group is granted licence to open shop in east London

Ernst & Young Entrepreneur of the Year – Industry finalists

Brian Hogan, Kylemore Services Group

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Retail & Services

Dolce and Gabbana get suspended sentences for hiding €100m from Italy tax authorities
Vodafone raises Kabel Deutschland offer after rival bid
Multicoloured Alcatel One touch smartphones sit on display in the Alcatel-Lucent pavilion at the Mobile World Congress in Barcelona, Spain, earlier this year. Photograph: Simon Dawson/Bloomberg Alcatel-Lucent plans drastic cuts to turn around fortunes