LVMH shares fall to 2023 low as growth slows, pulling luxury sector down
The report showed quarterly revenue growth of 9% year-on-year, a sharp fall from 17% in the second quarter.
Luxury
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The rise of the centi-millionaires: new class of super-rich emerges as population doubles in two decades
The 2023 Centi-Millionaire Report found this fast-growing global elite of super-wealthy individuals has grown 12% in a year, with US cities leading the way
Sir Elton John Lists Luxury High-Rise Atlanta Home for Nearly USD5 Million
Known as the “Beverly Hills of the South,” Buckhead is Atlanta’s uptown commercial and residential district known for upscale malls, fine dining, palatial mansions and art galleries.
Genesis’ new SUV is coming for BMW, Mercedes
Genesis, the luxury division of Hyundai , has been making waves as a major disruptor to the luxury car segment ever since it became a separate brand in 2015. The young brand has made quite the impression with reviewers and its customers; its compact GV70 SUV is on the Car and Driver 10Best list […]
Buy, build or borrow: how to dive into the world of superyachts
The annual Monaco Yacht Show – billed by organisers as the largest gathering of superyachts in the world – offers UHNW buyers a chance to scope out the latest makes and models. More than 100 vessels, including 40 new boats, will be on display at the 32nd event, from leading shipbuilders, including Heesen, Lürssen […]
Luxury Carmakers Expect Bumper Car Sales During 2023 Festive Season: Report
Luxury carmakers Mercedes-Benz, Lexus and Audi expect sales momentum to continue in the ongoing festive season with demand remaining robust for high-end cars. With offtake remaining strong, the festive season push could even see the luxury car segment posting its highest ever volumes in a year in 2023. In an interaction with PTI, Mercedes-Benz […]
Luxury property boom draws Chinese all-cash buyers to Dubai
The boom in Dubai’s property market continues to be a top draw for investors from China, which has looked towards greater economic cooperation, trade, and foreign direct investment since the lifting of travel restrictions, experts say. High yields and political stability are the key factors that have triggered a surge in Chinese investment in […]
Ultra-wealthy people are working remotely from their superyachts and running their businesses from the high seas
Yacht salesman Richard Lambert told Fortune they're using them to run their businesses at sea.
Billionaire Peugeot clan wades into banking, Italian luxury
While their first automobile dates back to 1889 and spawned a global carmaker, they started diversifying about a decade ago amid heavy losses and family divisions.
Price of Luxury: What Does $25 Million Buy Around the World?
Explore international luxury properties available for around $25 million
What Luxury Brands Can Teach Wealth Management About Client Experience
When financial advisors talk about the work they do, they may mention a suite of services ranging from estate planning, tax planning, and investment management.
Swatch’s new budget luxury timepiece is Blancpain Fifty Fathoms
Swatch Group AG’s next low-priced luxury offering is a collaboration with storied Swiss watchmaker Blancpain that will sell a budget version of a timepiece linked to Jacques Cousteau.