Managers of Wealth

British Land to build luxury homes in Mayfair

British Land Co won local government approval to build luxury apartments near The Ritz hotel in London's Mayfair district as foreign demand boosts residential prices in the city centre.

Mercedes Emulates Audi in China's Booming Luxury Cars Market

Luxury car maker Daimler AG , owner of the iconic Mercedes Benz, is eyeing double-digit growth in China as it aims to increase its share in the nation's booming luxury car market.

Neiman Marcus up for sale with $6bn price tag

According to multiple online reports Sunday, Neiman Marcus Inc., the luxury retailer that filed for an initial public offering in June, is close to an agreement to sell itself to Ares Management LLC and the Canada Pension Plan Investment Board for $6 bill

Journeying to Luxury's New Frontiers

It's time for a strategy rethink and learning to cross the boundaries that influence the future of high-end products

Classic Ferraris, Bentleys Soar in Value as Gold Price Sinks

Classic cars such as Ferraris, Bugattis and Bentleys soared by 28 percent in value in the year to June

Wine Knowledge Extremely Limited Among China's Wealthy Elite

Almost one third of China’s richest citizens have admitted they know nothing about wine and just buy top end brands for gifting or displaying, according to a survey by Fortune Character Magazine in China.

LVMH Won't Appeal Fine Related to Hermès

In July, the AMF fined LVMH 8 million euros (6.76 million pounds) for failing to properly disclose its stake-building in rival Hermes (HRMS.PA) before 2010.

Luxury brand Van De Velde reports 1.8% fall in H1 sales

The independent retailers experienced a tough spring in most European countries.

10 Top Luxury Wine Companies Named by bestofluxury.com for August 2013

Each month the independent research team at bestofluxury.com delves into the best performing luxury wine providers

Tiffany's 2Q earnings to offer clues on wealthy

Analysts will be looking closely at whether Tiffany has been seeing a more cautious consumer over the summer and will be dissecting its outlook for the remainder of the year

Luxury Brands Race to Secure Their Supply Lines

Having invested heavily in recent years to open shops around the world, notably in emerging markets, luxury leaders are now competing to control the supply lines.

Canadian buys most expensive car ever sold at auction

Billionaire Lawrence Stroll, who developed Tommy Hilfiger brand, pays $27.5M for rare Ferrari

CA Luxury Home Values Increase in the Second Quarter

This was one of the best quarters in recent history for California luxury home prices in First Republic's urban

Luxury companies' new challenge: How to hook consumers who can afford virtually anything?

Middle-class aspirations have tumbled from Hermes to H&M

Tiffany & Co. achieves highest Facebook engagement among top 50 US retailers

Tiffany & Co. proved to be the most successful brand by scoring a massive 28,741 interactions on each post

Nicole Farhi collapsed with debts of almost £20m

Fashion brand Nicole Farhi collapsed with debts of almost £20m, including more than £500,000 to the taxman, according to the administrator’s report into the retail failure

Wealthy Asians Have Designs On Luxury Brands

The rise of affluent middle class and wealthy consumers in Asia seem to have an insatiable appetite for luxury designer brands that keeps growing despite economic slowdown in the region.

Kate Middleton's Fondness for Tiffany and Cartier

The stunning sapphire surrounded by diamonds that was a gift from Prince William

Lafite ’98 Selling at $9,000 Outperforms Liv-Ex Fine Wine 50

A case of 1998 Chateau Lafite-Rothschild sold for 5,800 pounds ($9,000) on Liv-ex in the past week, matching its mid-March level and outperforming the four percent drop in the Liv-ex Fine Wine 50 Index over the period.

Chinese Crackdown on Luxury to Drive Demand

The tradition of gift-giving extends back many years in Chinese culture