Managers of Wealth

2014 Lexus GS 450h – elegant, powerful, and a hybrid

Lexus has found the balance that may define the future of all vehicles in this genre.

Young and hip consumers challenging idea of luxury when it comes to four wheels

The young consumers, many of whom are budding entrepreneurs, look for bold colours and cuttingedge tech support to make a style statement with their luxury cars. And SUV is the new sexy in this segment.

YTL Hotels launches luxury Kasara luxury hotel brand

The Kasara brand’s addition to YTL Hotels’ distinctive collection of 24 internationally recognised resorts, hotels, and Spa Villages has been highly anticipated.

Daimler earnings up on strong Mercedes sales

Daimler’s earnings before interest and taxes, or Ebit, from ongoing business rose 12 percent from a year earlier to €2.46bn ($3.3bn). This was above analysts’ expectations of a 9-percent rise.

LVMH Profit Drops, Hurt by Exchange Rates

Luxury goods giant LVMH Moët Hennessy Louis Vuitton on Thursday said its first-half profit dropped 4% despite a small sales increase, showing the sector's vulnerability to fluctuations in exchange rates.

Affluent consumers disappointed by in-store experiences

The results of the study will likely inform brands of how to positively change in-store and online experiences to appeal more highly to affluent consumers.

US billionaire buys Westin Hotel in Dublin for €65m

The billionaire behind UPC-owner Liberty Global, has bought the five-star Westin Hotel in Dublin for €65 million.

Tiffany's CEO in 2015

Tiffany & Co. announced today that its long-standing chief executive officer, Michael J. Kowalski, will retire from the company effective March 31, 2015. Mr. Kowalski, who has been a member of the company's Board of Directors since 1995, will con

BC Partners hires banks for $1.3 bln OVS listing

The chief executive of Gruppo Coin has previously said that OVS would have a free float of at least 30 percent and would be spun off by the end of the year.

Stop the fakers tarnishing a glittering UK success, says Harrods boss

Ward is keen to defend Harrods not just against the legitimate competition, but also against the conmen of the internet. Like all luxury-brand businesses, Harrods is concerned by the booming online trade in forged prestige items, from handbags to watches.

Nigerians tap into Africa’s growing $1.5bn luxury market

Already, Nigerian made luxury brands are making inroads into high end stores in Nigeria and other countries in the region, including Namibia and South Africa, which have the largest luxury market on the continent.

Aston Martin's “Fastest Ever” Convertible Unveiled

British luxury car maker Aston Martin has revealed its eagerly-awaited V12 Vantage S Roadster, claim to be the brand’s fastest and most powerful convertible ever.

Research Reveals Why Customers Buy Into Luxury Products

These fresh insights form part of a study analysing luxury product purchases that was conducted by market researcher Albatross Global Solutions, in cohorts with Paris-based 1000mercis Group.

Tesla Model S: The luxury electric car with performance to blow away the petrolheads

The name Elon Musk sounds like a Bond villain or a perfume.

Kenya's Luxury Market an Untapped Resource

She says Kenyan manufactures, and craftsmen only tend to produce products that suit the average person, forgetting the high end market.

Top 10 luxury brand efforts of Q2

Luxury brands made an effort to appear more inclusive and to streamline the purchasing process in the second quarter of 2014.

Belmond Signs Luxury Hotel in London

Belmond has signed a management agreement with Cadogan Estates to operate The Cadogan, a 64-key hotel on Sloane Street in the heart of Chelsea, London.

Bentley on course for record-breaking sales in 2014

The results mirror the success of Rolls-Royce

Price of Luxury Livinfg Falls For Wealthy Londoners

Beluga caviar, cigars and fine dining are among the luxury goods and services that became more affordable for wealthy Londoners over the last year

The value of luxury: America becomes absolutely fabulous

The days of gang wars – Miami Vice style – might be long gone but a battle for the luxury brands has led to a three-way tussle, all competing for the 14 million international and domestic visitors to Miami every year