Fall 2024 Luxury Industry Summary: From Trench Coats to Trendy Coffins

20 luxury industry news stories from Fall 2024: When the Rich Tighten Their Belts, It’s Designer Leather. The luxury goods sector faced a challenging Fall 2024, marked by a 2% decline in global sales—one of the weakest performances on record—driven by price increases and economic uncertainties that reduced the customer base. Despite this downturn, certain … Read more

Gelliceaux Goes Green and Grabs Gold at ISS Awards

A New Wave of Elegance and Sustainability: Southern Wind’s SW108 Gelliceaux Wins Best Sailing Yacht at ISS Awards On October 30th, the annual Design & Leadership Awards Gala brought together the crème de la crème of the yachting world in Fort Lauderdale, Florida. But among all the shimmering sails and sleek hulls, one yacht stole … Read more

Inside the Centibillionaire Club: A Peek at the Elite Titans Worth $100 Billion+

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

The Cube Rises as Saudi Arabia Breaks Ground on the World’s Largest Building

The world’s soon-to-be largest building has officially broken ground. Beyond Height: The Mukaab’s Groundbreaking Vision for Modern Cities. The landscape of northwest Riyadh is set to change forever with the ground-breaking of the Mukaab skyscraper, soon to be the world’s largest building by sheer volume. Rising to 1,312 feet, this cubic marvel isn’t chasing the … Read more

Hermès: The Untouchable Giant of Luxury Fashion?

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

If The High-End Real Estate Market Has A Crown Jewel, This Exclusive Town Wears It For Yet Another Year

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