So, you’ve hit the jackpot—maybe it’s a surprise inheritance, a lucky lottery ticket, or your cryptocurrency finally mooned. Suddenly, you’re rich. Cue the champagne showers, private jets, and questionable yacht purchases, right? Not so fast! Before you pull a “Wolf of Wall Street,” let’s dive into how to handle your newfound fortune with a mix … Read more
Sustainability Meets Style: The Boom of Luxury Resale in 2024. Pre-Loved, High Fashion: How Pre-Loved Luxury Took Over 2024 The pre-loved luxury fashion market has seen a significant surge in 2024, driven by a combination of economic factors, sustainability awareness, and changing consumer behaviors. Luxury resale has become not just a niche but a substantial … Read more
Hold onto your bishops and pawns, folks! Magnus Carlsen, the grandmaster extraordinaire, is shaking up the world of chess with a sensational new series: Freestyle Chess Grand Slam. Carlsen, along with co-founder Jan Henric Buettner, has managed to bag a whopping $12 million in funding to bring this vision to life, thanks to Left Lane … Read more
Sotheby’s International Realty Reveals New Hot Spots for Global Investment. In a recent report, Sotheby’s International Realty revealed the top 10 countries where affluent buyers are expanding their reach. The report, titled “Sotheby’s International Realty 2024 Luxury Outlook,” found that buyers are increasingly looking for properties in countries with enticing tax incentives and strong economies. … Read more
Prada Group announced a major plan to recruit over 400 people by the end of 2023, to strengthen its production capacity and craftsmanship expertise in Italy. The hires will further reinforce the Group’s strong industrial strategy, one of its distinct competitive advantages. The investment plan, designed to develop the luxury Group’s facilities and its commitment … Read more
Luxury Watchmaker Bremont Announces £48.4M ($59M) Investment By Bill Ackman and Hellcat LP. Bremont, Britain’s largest manufacturer of luxury watches, announced that renowned investor, Bill Ackman and his affiliate, has purchased a substantial minority interest in the company alongside Hellcat LP, Bremont’s long-standing lead investor, which increased its investment in the Company as part of … Read more