Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
There’s a rare breed of wealth that’s even more exclusive than billionaires: the centibillionaires, a club whose members have each hit the 12-digit mark with fortunes amassed in tech, retail, and luxury goods. Collectively worth around $2.5 trillion, the 17 titans in this ultra-elite club wield wealth greater than entire industries and global corporations like … Read more
In a luxury market that seems to be slowing, Hermès remains an exception, reporting a stellar 11.3% rise in sales to €3.7 billion in the third quarter. With other luxury giants like Kering and LVMH experiencing more modest results—down 16% and 4.4% respectively—one has to wonder: what is Hermès doing differently? And more provocatively, can … Read more
For Another Year, Atherton Reigns as the Crown Jewel of Real Estate Where Price Tags Soar: The 10 Most Expensive Zip Codes in 2024, according to Property Shark. If the high-end real estate market has a crown jewel, Atherton, California, wears it for yet another year. With a jaw-dropping median home price of $7.9 million, … Read more
Hermès Is Defying the Luxury Slump with Classic Resilience — and Just a Glitch in Watches. While much of the luxury world seems to be catching a chill, Hermès stands as the exception, radiating steady growth as it resists the industry slowdown. Its latest financial results reveal a brand that isn’t just immune to the … Read more
Cheers to Luxury: Celebrating Without the Booze. The Future of High-End Alcohol-Free: A Look at Moët Hennessy’s Strategic Move with French Bloom. In the fast-evolving world of luxury beverages, the alcohol-free category has taken center stage, captivating affluent, health-conscious consumers. What was once considered a niche market is quickly transforming into a global sensation, with … Read more
In the realm of luxury construction, the ability to effectively tailor your sales pitch to upscale clients is a crucial skill for any contractor. These clients demand not only quality but also a personalized experience that reflects their distinctive tastes and expectations. Here’s how you can refine your approach to successfully land those high-end construction … Read more