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
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
South of Fifth, also known as SoFi, is home to some of the most sophisticated condominiums in all of Florida. The new condominium luxury residences cater for a new generation of High-Net-Worth Individuals, whose epicurean lifestyle has redefined the rules of high-rise developments. Being one of the most scenic and visited places in the world, … Read more
Situated 1,416 feet from the ground, atop the world’s tallest residential building, this one-of-a-kind Penthouse boasts 17,545 square feet of interior living space and a 1,433-square-foot outdoor terrace. Spanning three floors, this mansion in the sky features the highest private terrace and a private ballroom. The Penthouse at Central Park Tower, which is the highest … Read more
LVMH and Harlem’s Fashion Row kicked off New York Fashion Week with HFR’s 15th Annual Fashion Show & Style Awards. In a partnership to advance diversity, equity and inclusion in the fashion world, Harlem’s Fashion Row and LVMH North America celebrated the 15th anniversary of HFR’s Fashion Show & Style Awards (FSSA) on September 6 … Read more
Korean cosmetics giant Amorepacific announces the acquisition of luxury clean beauty brand Tata Harper. Korean cosmetics group Amorepacific has entered into a definitive agreement to acquire Tata’s Natural Alchemy, LLC (“Tata Harper”), a pioneer in natural luxury skincare, in a move that further signals the company’s intention to continue its penetration of global markets with … Read more