Managers of Wealth

DS chief eyes careful growth for new French luxury brand

Yves Bonnefont, chief executive of premium brand DS, has no desire to chase the huge sales volumes enjoyed by sister brands Citroën and Peugeot

The Mystery of the ‘Midnight Ghost’ of the 1930s – A Sleek Passion Project That Disappeared

In 1937, the luxury car company Duesenberg ceased to produce cars due to financial constraints.

Private jet operators court China’s billionaire travellers

With the second largest concentration of billionaires in the world, China is an obvious target for companies in a regional market for private air travel that's estimated to be growing by US$3 billion a year

UK interest in luxury timepieces is growing

Those who are more extravagant have usually seen an expensive watch as a one-off buy to last a lifetime.

India’s luxury market to cross $18.3 B in 2016

The luxury market in India is forecast to grow from $14.7 billion today to $18.3 billion by the end of this year

Volume and wealth make Chinese millennials a lucrative target market: GfK

In particular, the data shows that Chinese millennials in particular are more willing to splurge or pamper themselves with an expensive purchase.

Startups rise in luxury goods market in India

Until a few years ago, luxury goods were the prerogative of celebrities and multi-millionaires.

Vertu Signature Touch for Bentley

The Vertu Signature Touch for Bentley runs Android 5.1 and is powered by a 3160mAh non removable battery.

British luxury car-maker Bentley suffers 8% drop in global sales

Both Bentley and Rolls-Royce have been riding high in recent years

Global retail invasion to get bigger in 2016 as luxury brands head for Australia

Last year foreign retailers, including iconic brands like Cartier, Sephora, Omega and Valentino, opened about 40 stores in Sydney, Melbourne, Brisbane and Perth, compared with 35 in 2014

Sotheby’s, in a Gamble, Acquires Boutique Art Advisory Firm

The firm, Art Agency, Partners, will lead a new fine art division within the auction house, focused mainly on 20th- and 21st-century art.

BMW Once Again Takes U.S. Luxury Sales Crown

BMW has just walked away with the best sales figures for a luxury automaker in the United States last year.

Luxury German Brands May Cut Back Russian Presence

Sources familiar with the automakers’ plans say new dealerships might threaten their existing distribution network by triggering a price war aimed at attracting new customers.

Lexus International opens its first luxury brand outside Japan in Dubai

Lexus International opened the first INTERSECT BY LEXUS luxury brand experience space outside of Japan in Dubai, UAE, with an opening ceremony yesterday to mark the occasion.

Tom Cruise is reportedly selling his enormous English country estate for $7.4 million

The house was built in 2003 on the site of a Victorian-era mansion.

LVMH, Catterton And Groupe Arnault Partner To Create L Catterton, The Leading Global Consumer-Focused Private Equity Firm

Under the terms of this agreement, L Catterton will be 60% owned by the partners of L Catterton and 40% jointly owned by LVMH and Groupe Arnault.

Luxury