Total UK wealth tops £10tn thanks to City and property boom
Soaring value of homes and financial assets will fuel debate about inequality, as report reveals many Britons are not saving
Soaring value of homes and financial assets will fuel debate about inequality, as report reveals many Britons are not saving
World’s leading luxury products group reports good growth in Europe, Asia and the United States; LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €19.7 billion in the first half of 2017, an increase of 15%. Organic revenue growth was 12% compared to the same period in 2016. All geographic … Read more
Methods for controlling the temperature of our environment have evolved since the cave women warmed herself beside an open flame. Discoveries of how to measure heat and cold by Galileo Galilei, Gabriel Fahrenheit, and Anders Celsius led to the invention and refinement of thermometers. The first thermostat provided a rudimentary way to regulate furnace temperatures and there … Read more
Richemont-owned luxury brand Shanghai Tang sold to Italian entrepreneur Alessandro Bastagli. Richemont, the Swiss luxury goods group, announces that it has completed the sale of luxury brand Shanghai Tang to a consortium of investors led by Italian entrepreneur Alessandro Bastagli. For its financial year ended 31 March 2017, Richemont reported sales of € 10 647 … Read more
In a year when auto sales are stable but healthy, one area posting strong growth numbers is luxury cars. Strong stock market performance, a healthier economy that’s creating jobs instead of cutting costs, and a lot of optimism for the future mean that luxury car buyers are feeling better about splurging a little, and many … Read more
Christie’s International Real Estate Establishes Luxury Residential Brokerage Office in New York City. The move marks the first residential brokerage office for the real estate arm of Christie’s that will complement its existing global affiliate network. Christie’s client service options will include custom tailored residential real estate buying and selling services in the dynamic New … Read more