Venice, long admired for its fragile beauty and historic charm, recently bore witness to an event that seemed designed as an affront to its very character: the ostentatious wedding of Jeff Bezos and Lauren Sanchez. This was not merely a private affair but a grandiose spectacle involving a glittering guestlist of billionaires, celebrities, and political
Wealth
In a move that has sent shockwaves through both the fashion and automotive industries, Kering has recently appointed Luca de Meo as its new CEO. This unprecedented decision marks a pivotal moment for the French luxury powerhouse, particularly in light of its flagship brands, Gucci and Saint Laurent, which have struggled significantly in recent years.
As we stand on the brink of a monumental wealth transfer estimated at over $100 trillion, the implications for the wealth management industry are staggering. This generational handover, primarily from baby boomers to millennials and Gen Z, is not merely a financial transaction; it’s an inevitable cultural shift that calls into question the very foundations
This summer, JPMorgan’s latest reading list has aimed its spotlight on happiness, resilience, and the enthralling world of artificial intelligence, appealing to the well-heeled class that can afford the time to plunge into the existential musings of the elite. Published annually for 26 years, this collection of 16 titles isn’t just a hodgepodge of recommendations
The landscape of luxury jewelry is becoming increasingly polarized. While the aspirational middle class grapples with economic uncertainty, the ultra-wealthy class seems impervious to the financial winds buffeting the broader market. In this era, the purchase decisions of billionaires speak volumes about the direction and health of the luxury sector. Affluent consumers are no longer
In a world of tumult and uncertainty, the luxury brand Richemont, known for its renowned Cartier merchandise, recently unveiled financial results that defy the prevailing negative economic narrative. The company’s fiscal fourth-quarter sales, amounting to a remarkable €5.17 billion, surpass analysts’ expectations and announce a 7% year-on-year growth at constant exchange rates. It’s a vivid
In a decisive move that reflects both desperation and determination, Burberry has unveiled a significant reshuffling as part of its ongoing struggle to rejuvenate its brand identity and financial prospects. The iconic luxury brand recently announced that it anticipates a potential reduction in its workforce by roughly 1,700 positions worldwide, a stark indication of the
In the world of horology, some timepieces shine brighter than the rest—not merely in terms of craftsmanship but in their storied pasts and unparalleled rarity. The auction of a 1999 platinum Rolex Daytona raises questions wondering if the value is driven solely by its materialism or if there runs a deeper cultural significance. Expected to
The landscape of social networking in Washington, D.C. has taken a sharp turn toward the elite with the inception of Executive Branch, a private membership club co-founded by Donald Trump Jr. Charging a staggering $500,000 for entry, this establishment symbolizes not only an exclusive social scene but also a profound shift in the convergence of
Kering, the illustrious French luxury goods powerhouse, found itself in a tumultuous sea of disappointment this past Thursday, as it unveiled disheartening first-quarter sales figures. Revenues nosedived by a staggering 14% year-over-year, landing at a mere 3.9 billion euros (approximately $4.4 billion). Analysts had distinctly more optimistic expectations, forecasting earnings of 4.01 billion euros, thereby