Managers of Wealth

How ultra-luxury brands are charming the 1%

Ultra-luxury brands, such as Grace Chen and Stefano Ricci, are bucking the industry downturn by charming HNWI customers.

Luxury brands should recalibrate strategies amid market slowdown: Kearney

British luxury carmaker Aston Martin cuts 170 jobs as Chinese demand slumps and losses soar

Aston Martin, which is slowly transitioning to electric car models, said it hoped for annualised savings of £25 million.

Wealthy millennials are spending thousands on Jaguar Land Rover monthly subscriptions as flexibility becomes the newest form of luxury

Nevertheless, it has underscored the group’s determination to target the next generation of wealthy carbuyers.

Family-Owned Swiss Watch Brand Scores Prestigious Award

The Inhorgenta Award, first introduced in 2017, recognizes outstanding achievements in the watch and jewelry sectors across several categories.

How Ferrari Masters the Art of Scarcity, Exclusivity and Brand Mystique

This strategy echoes the approach of French luxury brands.

Ultra-Luxury Beverly Hills Resort Inks $300 Million for Building

Vici Properties financing mezzanine loan for development

Bentley shifts gears: Luxury carmaker abandons its .bentley domain

Luxury carmaker Bentley has decided it no longer needs its own top level domain name.

Dubai’s ultra-luxury real estate booming amid limited supply

Over the last ten years, sales of luxury Dubai villas and apartments valued above $4mln have risen dramatically, reaching $19.3bln in 2024 for the second year in a row, an increase of almost 688% since 2015

Nest Seekers Launches Tribe to Elevate Luxury Travel for High-Net-Worth Individuals

As luxury travel expands at an unprecedented rate, demand for personalized, high-end experiences has never been greater.

Hermès Sales Jump as Label Outperforms During Luxury Slump

Struggling watches division also grew in fourth quarter

China’s wealthy shoppers have a new mentality—and it’s terrible news for luxury brands like LVMH and Kering who bet billions on their loyalty

They are now choosing to spend their money in new ways.

How Chinese Tourists Fuel a $100 Billion Luxury Goods Black Market

Moments later, outside the store, a handler collects the bags, marking yet another successful purchase for China’s $100 billion luxury black market.

Gucci 2024 sales in the red, says luxury fashion house owner Kering

Sales retreated 12 percent to 17.2 billion euros.

Swiss Luxury Jewelry Market Embraces Blockchain for Diamond Tokenization

Transforming the Diamond Trade with Digital Innovation

Gucci parts ways with Sabato De Sarno amid sales decline

Third profit warning rocks Kering as flagship brand struggles.

Ferrari races to another record-breaking year, e-model set for Oct. 9

For the fourth quarter alone, net profit climbed 31 percent from the period the year before to 386 million euros, also ahead of forecasts.

LVMH to be driven in 2025 by its powerhouses Louis Vuitton, Dior, and by Tiffany

Elements that are expected to allow the group to look to 2025 with a little more optimism.

Wealthy Americans are buying more diamonds at last

De Beers sees improvement after several years of subdued demand.

Michael Najjar nominated for the Prix Pictet

The prize, awarded annually by the Swiss private bank Pictet, is one of the world's most important awards for photography and sustainability.