Wealth

Burberry, the prestigious British luxury fashion label, has recently garnered significant attention on the stock market as its shares surged by 16% following the release of its fiscal third-quarter earnings. This spike can be attributed to a lesser-than-expected decline in sales, signaling the early fruits of CEO Joshua Schulman’s transformative strategies aimed at revitalizing the

In a notable turn of events, the luxury goods conglomerate Richemont, renowned for brands like Cartier, has shown a remarkable resurgence in its financial performance during the third quarter. The group’s sales skyrocketed by 10% to an impressive 6.2 billion euros (approximately $6.38 billion) for the three-month period ending in December. This growth is particularly

As the holiday season approaches, the concept of luxury evolves and manifests in various forms, from engaging experiences to intellectual enrichment through literature. The J.P. Morgan Private Bank’s “NextList2025” enriches affluent lifestyles with its curated collection of recommendations, reflecting the taste and interests of an exclusive clientele. Close examination reveals that this thoughtful assortment includes

The family office landscape is undergoing a notable transformation, propelled by an increase in wealth and the complexity of managing family fortunes. With the number of family offices surging from roughly 6,000 in 2019 to over 8,000 today, educational institutions are keenly observing this trend. As the capital under management by these offices is forecasted

The non-domiciled (non-dom) tax status in the United Kingdom has long been a subject of debate, primarily among the wealthy expatriates who live and work in the country yet hold their domicile elsewhere. This status allows individuals to sidestep U.K. tax on overseas income and capital gains for a duration of up to 15 years,

In recent years, the dynamics of wealth ownership have experienced a significant transformation, particularly with the rise of women within the billionaire class. As noted in the Altrata Billionaire Census, women now comprise approximately 13% of the 3,323 billionaires globally, amounting to 431 individuals. While this percentage may initially appear modest, the implications are profound

The recent auction held by Sotheby’s where crypto investor Justin Sun purchased a duct-taped banana for an astounding $6.2 million has created waves within both the art world and cryptocurrency communities. This event goes beyond the eccentricity of the artwork; it shines a light on the rapidly evolving landscape of cultural phenomena where art, memes,

The global art market has experienced a notable contraction, marking the second consecutive year of decline as it grapples with changing buyer preferences and economic uncertainties. Recent insights from the Art Basel and UBS Survey of Global Collecting reveal a stark decrease in auction sales across major houses, such as Christie’s and Sotheby’s, presenting a

The financial landscape of startup investments is undergoing significant transformation, propelled by the increasing engagement of family offices. These private investment entities, closely held and typically run by wealthy families, have emerged as formidable players in venture capital, often overshadowing traditional investment channels. Recent analyses reveal that a select group of family offices is leading

In a significant move to rejuvenate its brand identity and financial performance, Burberry has unveiled its “Burberry Forward” strategic overhaul, aiming to re-establish its connection with customers by prioritizing core heritage designs and statement pieces. Announced on a recent Thursday, this initiative marks a pivotal moment for the luxury fashion house, as it looks to