Luxury Archives - Page 3 of 108 - Managers of Wealth

Exclusive model of Ferrari’s first electric car, Luce, sells for record $40 million

August 18, 2026

A bespoke model of Ferrari’s first-ever fully electric car, the Luce, has sold for $40 million, breaking the record for the most expensive new car ever sold at auction. The high bid for the tailor-made Ferrari Luce “Chassis 0” comes just months after the Italian luxury sports car maker’s share price fell by more […]

Luxury

London's Future: Inside London's Luxury Private Hospital Market

August 18, 2026

London's luxury private hospital sector presents a compelling real estate investment case, underpinned by structural demand tailored to high-net-worth (HNW) domestic patients and a steady flow of overseas medical tourists. Global healthcare operators such as HCA Healthcare, The Mayo Clinic, and Cleveland Clinic have been driving occupancy and revenue density that translate into resilient, […]

Luxury

IHG and Harilela Group announce The Hari's three hotels will join luxury collection brand Vignette Collection

August 17, 2026

Marks brand entry of Vignette Collection in Singapore and expands presence in Hong Kong and London The Hari London and The Hari Hong Kong joins the Vignette Collection family of luxury hotels this year Holiday Inn Singapore Orchard City Centre will be converted into The Hari Singapore, Vignette Collection in 2027 IHG Hotels & Resorts […]

Luxury

Luxury $9.1 million yacht sinks days after being delivered to new owner

August 14, 2026

A 98-foot yacht worth a whopping $9.1 million sank into the Mediterranean Sea just days after it had been delivered to its new owner. Fourteen guests and crew were on The Angiola II Tuesday off the coast of popular resort town Porto Cervo, Sardinia, when an engine failure sparked a fire and the ship […]

Luxury

The luxury Chinese shopper looks different now

August 14, 2026

China’s luxury-spending slump has comfortably turned the corner, but what’s emerged looks markedly different to the pre-pandemic heyday. Brands hoping to capitalise on the recovery will need to adjust to a new set of consumer priorities. First, the good news. The world’s second-largest high-end retail market after the US is finally expanding again. […]

Luxury

The Shape of Subtlety: Designing Contemporary Jewelry Without Excess

August 14, 2026

In a world of fly-by-night companies and fads, relying on a company’s longevity and reputation can be a significant element of the purchasing decision, especially in fine jewelry. Fope’s strength lies in its refined, thoughtful design elements, which stand out in a market dominated by ostentation. The Italian brand has achieved many accomplishments […]

Luxury

Flight of the Concours: how luxury hotels are racing to raise their curb appeal

August 13, 2026

Luxury hotels have always sought to burnish their image by parking fancy cars beside the entrance. If you arrive at London’s Dorchester, for example, in the latest Lamborghini, the valet will take your keys and move it a maximum of five metres. No underground car park for you, sir, your shiny lime green Temerario […]

Luxury

Quiet Luxury, Stealth Wealth, No Logos: Inside the Major Upgrades of Tech Titans Mark Zuckerberg, Jeff Bezos and More

August 12, 2026

As the bonds between fashion and tech tighten, the rise of the celebrity titans has power players like Amazon's Jeff Bezos, Meta's Mark Zuckerberg, OpenAI's Sam Altman and Snap's Evan Spiegel stealing more of the style spotlight. Along with Meta's AI-powered glasses through a EssilorLuxottica partnership, the Met Gala's big-money donors and Condé Nast's […]

Luxury

Chinese luxury brands rise from challengers to market shapers as global houses lose lustre

August 7, 2026

After months of declining gold prices, Li Yue recently spent nearly 28,000 yuan (US$4,148) on a 10-gram (0.35-ounce) pure gold necklace – more than double the prevailing market rate for the metal. The piece in question: a gourd-shaped pendant from Laopu Gold, a Chinese heritage jewellery brand that has captured significant attention in recent […]

Luxury

Crystal Cruises Finalizes Order with Fincantieri for Third Luxury Ship

August 7, 2026

Crystal Cruises finalized the order with Fincantieri for a third luxury cruise ship as the brand continues its revitalization under the ownership of A&K Travel Group (Abercrombie & Kent). Planning for the new cruise ships had been underway since the brand returned to operations in 2023, and a memorandum of agreement was signed in […]

Luxury

Luxury: when Chinese consumers choose face cream over a bag

August 7, 2026

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 […]

Luxury

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

August 6, 2026

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 […]

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