High-end home buyers are backing off as rising interest rates, inflation, a tepid stock market and economic uncertainty make it less feasible to purchase luxury goods. Redfin Reports Luxury-Home Purchases Plummet 28%, the Biggest Drop on Record. Sales of luxury U.S. homes fell 28.1% year over year during the three months ending Aug. 31, 2022, … Read more
The brand-new Urus S is Lamborghini’s newest Super SUV iteration that retains the Urus charm (with enhanced design) and ramps up the power to match the boldness of Performante. 4.0 liter V8 twin-turbo engine producing 850 Nm of torque; Improved acceleration of 0-100 km/h in 3.5 seconds and top speed of 305 km/h. The engine … Read more
Guillaume Jesel Promoted to President, Global Brands, TOM FORD BEAUTY, BALMAIN BEAUTY and Luxury Business Development. The Estée Lauder Companies announced that Guillaume Jesel has been promoted to President, Global Brands, TOM FORD BEAUTY, BALMAIN BEAUTY and Luxury Business Development, effective immediately. Guillaume will report to Jane Hertzmark Hudis, Executive Group President and also to … Read more
Most things in this world have their value. And the more rare and exclusive something is, the higher its value. The same refers to cars and their price is often a fair consensus between the desire of manufacturers and dealers to make a profit and the purse of the consumer. There are quite a few … Read more
The program supports the growth of up-and-coming brands and emphasizes BIPOC voices. Saks, the premier digital platform for luxury fashion, has launched the second year of its emerging designer accelerator program, The New Wave, presented by Mastercard. This year’s program features eight new-to-Saks brands, including Claude Kameni, KEEYAHRI, Ludovic de Saint Sernin, Nalebe, SUNNI SUNNI, … Read more
Marriott International announced it has signed an agreement with Bain Capital Credit and Omnam Group to bring its EDITION Hotels brand to Lake Como. Owned and developed by Bain Capital and Omnam Group through a fund managed by Kryalos SGR, The Lake Como EDITION is slated to open in 2025 with 145 luxurious guest rooms, … Read more