Luxury

1052 articles found

Luxury

Luxury: when Chinese consumers choose face cream over a bag

For 20 years, China has been luxury's promised land. Incomes were rising and millions of households have been joining the middle class.   Buying a Louis Vuitton bag or a Swiss watch was the best way to showcase upward mobility. And for those with more limited means, leather goods were the ideal entry point. A […]
Read More
Luxury

Benko's 60 Million Euro Villa Set to Become Luxury Hotel

The insolvency administrator is considering converting René Benko's former private residence in Innsbruck into a luxury hotel. In a letter to creditors, he describes the property as "simply unsuitable" for use as a private home. Annual operating costs alone are estimated at around 500,000 euro.   Former real estate investor René Benko has been in […]
Read More
Luxury

Key Takeaways From Luxury’s Q2 Earnings

Despite the drag from China, the luxury sector returned to stronger growth in the second quarter.   HSBC anticipated a 4.3% increase in global luxury sales in Q2 2026, compared with 4.9% in Q1. However, the average organic sales growth of the sector materialized at 7%.   Reactions across the stock market varied wildly. Hermès […]
Read More
Luxury

Welcome to the Age of the Floating Five-Star Hotel

There’s yachting, and there’s cruising—and conventional wisdom says never the twain shall meet. One need only recall The Wolf of Wall Street or the season 2 finale of Succession to conjure up visuals of the former:    Yachting is aquatic luxury reserved for tech billionaires (or, at the very least, Below Deck wannabes), staffed by […]
Read More
Luxury

LVMH’s Fashion Sales Rise 1% in Q2

LVMH announced on Monday that sales in its fashion and leather goods division rose 1% in the second quarter of 2026, to €8.89 billion, slightly below consensus expectations of 1.7% growth.    While minimal, the return to growth marks a notable inflection point after seven consecutive quarters of negative sales growth for the division. (LVMH’s […]
Read More
Luxury

David Beckham's Watch Collection Is Every Horology Enthusiast's Dream

David Beckham’s World Cup watch steals the spotlight as he and Victoria showcase matching blue-dial luxury timepieces in Atlanta, highlighting his enduring status as football’s most talked-about horology icon   If there's one thing almost as predictable as David Beckham turning up for a major event, it's that he'll arrive wearing a watch worth talking […]
Read More
Luxury

Luxury’s real crisis isn’t price—it’s desirability

Earlier this year, LVMH agreed to sell Marc Jacobs, as the world’s largest luxury group continues trimming its portfolio after several years of slowing demand. It’s the latest sign that even the biggest names in luxury are under real pressure.   According to Bain, the management consultancy, the luxury market has lost around 70 million […]
Read More
1 2 3 4 … 88