Can Tesla downshift from $130,000 SUVs to mass market electric cars?
After unveiling the luxury Model X, Elon Musk’s company has a big challenge ahead as it aims for a bigger audience with its Model 3, promised for 2017
Business
Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Upper crust: buyers pay up to £5.5m for apartments with pizza lifts
Four luxury flats on the Strand sold for between £3m and £5.5m, with all mod cons including butler’s lift from restaurant next door
34 year-old Demna Gvasalia emerged as the best choice for Balenciaga
Balenciaga Maison welcomes Demna Gvasalia as artistic director. 34-year-old German national of Georgian origin Demna Gvasalia is the new new artistic director of Balenciaga’s collections, announced Kering luxury Group, Balenciaga’s owner. Demna Gvasalia will take creative responsibility for the brand’s collections and the image of the maison. He will present his first collection for the … Read more
‘It’s not about fabric, it’s about dreams’: how Ralph Lauren created an empire
Though not everyone buys into his fantasy fashion world, the story of the tie salesman who went on to dress Oscar winners is a classic American Dream tale
Britain’s super-rich cash in on low interest rates with £1m mortgages
Number of £1m-plus mortgages granted to lenders has risen by a fifth, with private banks main funders of central London trophy properties
Playgrounds for sheikhs and oligarchs: the secret world of London’s luxury hotels
With their discreet lobbies and Michelin-starred restaurants, the capital’s high-end hotels have become a new green zone of affluence, where the global super-rich book entire floors to do business away from prying eyes