Luxury

EXCLUSIVE: Luxury Is 'Going For A Critical Turnaround,' Tema ETF CEO Says
Musk, Bezos, Ellison, And Zuckerberg Skip Ahead Of Bernard Arnault In Billionaire Rankings After LVMH CEO's Wealth Takes A $54B Dip: What Happened?
Adam Neumann's WeWork Successor Faces Crisis As Nashville Property Struggles
Musk, Bezos, Ellison, And Zuckerberg Skip Ahead Of Bernard Arnault In Billionaire Rankings After LVMH CEO's Wealth Takes A $54B Dip: What Happened?
Adam Neumann's WeWork Successor Faces Crisis As Nashville Property Struggles
Steve Jobs Commissioned Yacht, Venus, Delivered After Apple Co-Founder's Death, Collides With Another Superyacht Off Italian Coast
Arnault's Fortune Falls As LVMH Misses On Earnings: Zuckerberg Now Eyes Third Spot On Billionaires List

Luxury Recent News

Saks Fifth Avenue's Parent Company To Buy Neiman Marcus For $2.65B, With Amazon's Help: Report
The parent company of Saks Fifth Avenue has reportedly agreed to acquire its rival Neiman Marcus for $2.65 billion. The deal, which is expected to be announced imminently, will see the involvement of Amazon.com Inc.
Putin Gifted Kim Jong Un A Russian-Made Car, But It's Packed With South Korean Parts: Report
The Russian-made luxury car gifted by President Vladimir Putin to North Korean leader Kim Jong Un is reportedly assembled with millions of dollars worth of parts from South Korea.
Jim Cramer Backs Viking's IPO Despite Premium Price: 'I Think It's Going To Be A Winner'
CNBC's Jim Cramer has expressed his support for the initial public offering of Viking Holdings, despite its high valuation.
Yacht Market Sees A Shift As Pandemic-Era Buyers Sell, Prices Dip: 'The Industry Is Going Back To 2019'
The pandemic-induced surge in yacht sales is now showing signs of a reversal, with many buyers from the COVID-19 era now putting their vessels up for sale. This trend has led to a slight drop in prices, signaling a shift in the yacht market.
Slump In Chinese, Hong Kong Demand Sends Swiss Watch Exports Plummeting: 'Negative Trend Is Even Worse Than We Expected,' Says Analyst
The exports of Swiss watches have recorded their most substantial drop since 2020, with a significant decrease in demand for high-end timepieces in key markets such as China and Hong Kong.
China Says No Bullet Trains, Vacations Or Luxury Stays For Debt Skippers As Delinquency List Soars to 8M
The Chinese government is tightening the noose on debt defaulters, imposing stringent penalties that include restrictions on high-speed rail travel and luxury accommodations. This move is part of a broader crackdown on unpaid bills.
Prada, Gucci, Louis Vuitton Brace For Sales Slump As China's Economic Turbulence Hits Luxury Market
The luxury goods industry is preparing for a substantial decline in sales, attributed to China's subdued demand and challenging comparisons with the sales spike following the COVID-19 pandemic last year.
Bentley's Boss Now Behind Aston Martin's Wheel: Adrian Hallmark To Take Charge As New CEO In October
Luxury carmaker Aston Martin Lagonda has named Adrian Hallmark as its new CEO. Hallmark, who is currently the head of Bentley, will assume his new role by Oct. 1, 2024.
Bitcoin's Recent Rally Could Trigger Potential Upswing In Luxury Watch Prices, Echoing 2021 Pattern: Report
The recent surge in Bitcoin‘s (CRYPTO: BTC) value could potentially lead to a surge in the prices of luxury watches, a trend that was observed during the cryptocurrency’s previous rally in 2021.
Dubai's Emaar Properties To Invest $21B In Luxurious Housing Projects Amid Real Estate Boom
In a bid to capitalize on the thriving real estate market in Dubai, Emaar Properties is set to invest a whopping $21 billion in two high-end residential projects. The move comes as the city's property prices and rents approach record levels.
Mark Cuban Credits Father's Wisdom for Billion-Dollar Success Story: '...His Job Didn't Have A Future'
Mark Cuban, the billionaire entrepreneur, and owner of the NBA's Dallas Mavericks, attributes his success to a piece of advice from his father when he was just 14 years old. This advice, which Cuban received while working alongside his father, has been a guiding principle throughout his career.
Xiaomi Aims Big With New Electric Vehicle, Targets 20M Premium Users In China: 'Good Starting Point'
Xiaomi is banking on its new electric vehicle to attract a potential 20 million premium users in China.
Warren Buffett-Backed BYD Unveils Stock Buyback And Luxury Car Production Expansion Amid Market Challenges
Goals Of A Golden State: Nishant Reddy's Journey From Finance To Premium Cannabis
Nishant Reddy, CEO of A Golden State, renowned for premium cannabis, will speak at the Benzinga Cannabis Market Spotlight: California event.
Bernard Arnault's Son Sets Sights On $30B Watch Market With High-End, Reinvented Pieces After LVMH Restructuring
The luxury giant has 10 watch brands, including TAG Heuer, Hublot, and Zenith, along with fashion and jewelry brands such as Louis Vuitton, Bulgari, and Dior, which also produce watches.
China's Post-Pandemic Pullback: A $129-Billion Blow To Global Tourism Sector
Chinese foreign travel is down since the COVID-19 pandemic.
China's Growth Disappointment Is Moving Stocks Monday: Tencent, PDD Holdings And Luxury Goods
China’s recent release of mixed economic data is weighing on U.S.-listed Chinese equities and sectors strongly linked to Chinese growth on Monday. China’s economy grew 6.3% YoY in Q2 2023, missing the market’s projected 7.3% rise. This marks a jump from Q1’s 4.5% increase.
Gucci Prepares To Release NFT, More Luxury Brands To Follow: Report
The past few months have seen non-fungible tokens, or NFTs, take the world by storm – with releases from Grammy-winning musicians, digital artists, and even fast-food chains.
The RealReal Missed On Earnings, But Analysts See Hope As Economy Reopens
RealReal Inc (NASDAQ: REAL) shares were trading lower Tuesday after the company reported earnings that missed expectations.
Why Piper Sandler Likes E-Commerce Stocks RealReal, Revolve Group
Research firm Piper Sandler initiated coverage of two fashion plays Tuesday: RealReal Inc (NASDAQ: REAL) and Revolve Group Inc (NYSE: RVLV).
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LVMH's Sparkling Acquisition: Experts On Why Buying Tiffany Is Wise
RH CEO Talks Berkshire, Apple And China On 'Mad Money'

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