Milan’s Via Montenapoleone Is The New Reign in Luxury Retail

For the first time in over three decades, Milan’s Via Montenapoleone has claimed the title of the world’s most expensive shopping street, dethroning New York’s Upper Fifth Avenue. This historic shift reflects more than just rising rents—it signifies a transformation in the global luxury landscape. Nestled in the heart of Milan’s Quadrilatero della Moda (Fashion … Read more

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