A large portion of affluent Generation Y attains their wealth from their parents—but they may not be on track for it in the future, according to Digitas‘ study “Affluence in America: The Next Generation.” Affluent and Aspiring Children spend between two and four times their own income, due to access to their parents’ wealth.Many of … Read more
St. Regis Hotels & Resorts and Fashion Designer Jason Wu Unveil Limited-Edition Travel Bag Inspired by Today’s Grand Tour For centuries, affluent travelers would go on a grand tour through Europe to collect experiences and cultivate knowledge. Today as culture, business and leisure intersect in destinations as diverse as Abu Dhabi, Aspen, and Sanya Yalong … Read more
Chivas Regal’s biggest duty free exclusive launch in the brand’s history The Victorian-era brothers John and James Chivas started in the 1850s to blend high-quality, smooth-tasting whiskies for the affluent clientele on Aberdeen’s King Street. To honour their legacy, Chivas Regal launched Chivas Brothers’ Blend, a permanent 12-year-old whisky that intensifies Chivas Regal’s trademark flavour … Read more
Retailers cash in on luxury goods boom as sales at airports outstrip other outlets
Luxury shoppers are bucking the trend in retail: visiting the mall more often and spending more money in each visit than the average shopper. They’re in malls because they know they can find the most variety and enjoy spending time there, according to Eye’s survey, one of the US leading mall media provider, that has … Read more
Two-Thirds Of UK Top 15 Are Non-Doms Alisher Burkhanovich Usmanov is the richest individual in the United Kingdom, according to the top released by Wealth-X, the global ultra high net worth individuals (UHNW) prospecting, intelligence and wealth due diligence firm. Alisher Burkhanovich Usmanov, whose stable of companies and investments range from Metalloinvest to MegaFon and … Read more