Luxury

1072 articles found

Luxury

Hermès billions: LVMH blames asset manager

In the billion-dollar dispute over missing Hermès shares, a deceased man is moving into the center: the Geneva-based asset manager Eric Freymond.    A new 20-page court filing by LVMH, which the Wall Street Journal (WSJ) was able to review , details its role.   And it sharpens the core question of the case: Had […]
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Luxury

Jauch discovers: Champagne of the great age

Laurent-Perrier launched the Grand Siècle Iteration Nº27 in Zurich in May. A lunch at the Wöschi restaurant made it clear why this cuvée lives less from prestige than from a grand idea: not to find the perfect vintage, but to compose it.   Lake Zurich is just a few steps away this Monday midday, the […]
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Luxury

Luxury watch retailer James Kennedy joins Toorak’s penthouse set

Watch and Lego retailer James Kennedy is set to become neighbours with David Deague after buying the $21 million top-floor penthouse adjacent to one the veteran developer acquired in a newly completed luxury apartment building in prestige Melbourne’s Toorak.   Kennedy, who built the Sydney watch business his parents founded in the 1970s into one […]
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Luxury

Most Europeans see car ownership as ‘luxury,’ survey shows

Car ownership has become a “luxury” for 80% of Europeans and 86% of French respondents, according to a new survey published on Friday, highlighting growing financial pressure linked to rising purchase and maintenance costs.   The Aramisauto-OpinionWay poll found that France has the lowest monthly budget in Europe for buying a new or used car, […]
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Luxury

Pictet Alternative Advisors Acquires Zurich Luxury Hotel

Pictet Alternative Advisors is expanding its footprint in the Swiss real estate market with the acquisition of the Zurich Marriott Hotel. The move underscores the firm’s conviction in Zurich’s booming luxury hospitality sector and growing investor demand for stable real assets.   Pictet Alternative Advisors (PAA), who is part of the Pictet Group, the alternative […]
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Luxury

Why high-net-worth customers are redefining what ‘special’ means

A rhinestone Birkin sold in Ho Chi Minh City this spring for $440,144, roughly 35 times its retail value, with no boutique, no waitlist, and no years of relationship-building.   Jane Birkin’s own prototype crossed the block at Sotheby’s last year for $10.1 million, becoming the most expensive handbag ever sold.   Read those numbers, […]
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Luxury

The Fairmont Hanoi: Inside the luxury hotel brand’s first Vietnamese venture

Vietnam’s capital is undergoing a quiet transformation. International investment is pouring into the city, historic districts are being revitalised and a growing number of UHNW travellers are seeking experiences that combine cultural authenticity with premium accommodation.   Luxury hospitality brands have taken note, among them is Fairmont. The Canadian brand, now owned by Accor and […]
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Luxury

NASA to wear Prada as luxury group pushes into space industry

Italian fashion house Prada unveiled on Sunday the inner-layer garment set to be worn by National Aeronautics and Space Administration (NASA) astronauts heading to the moon, underscoring the brand’s push to be the first major luxury player to make inroads in the space industry.   The body-hugging suit, created in collaboration with Houston-based space infrastructure […]
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Luxury

Gucci Accelerates Into Formula 1 as Alpine’s Title Partner

Gucci Racing Alpine Formula One Team   Gucci has announced a landmark partnership with Alpine Formula One Team, becoming the first luxury fashion house to serve as title partner of a Formula 1 team.    Beginning with the 2027 FIA Formula One World Championship, the team will compete under the name Gucci Racing Alpine Formula […]
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Luxury

Maxi Edmond de Rothschild's debut flight

Launched on 14 February, the new Maxi Edmond de Rothschild reached a decisive milestone in its development phase this week. Fitted with its first foil – a Y-shaped pendulum appendage of unprecedented dimensions inspired by America's Cup monohulls – the 32-metre giant completed its first runs in full flight.   The performance is all the […]
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Luxury

The Secret Of The New ‘Quiet Luxury’ Is Total Control

Quiet luxury once lived in the wardrobe: the beautifully cut jacket, heirloom watch, the hotel that whispered rather than announced itself. In Turks and Caicos, that instinct has moved off the body and into the built environment.    Prime residential values in the islands reached $1,280 per square foot in 2024, the highest in the […]
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Luxury

Luxury home prices are soaring, partly thanks to AI money

Sales of luxury homes, driven primarily by free-flowing AI money, are surging in places like San Francisco and the Hamptons, while nonluxury sales are stalling out.   The median US luxury home sale price jumped to $1.39 million from February to April this year, a 3.6% year over year increase, compared to a 1.4% median […]
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