News
$300 bags, $150 earrings, $60 hats: Mid-priced products are a status symbol for young shoppers
4+ day, 14+ hour ago (399+ words) When Jenny Lei launched her handbag company Freja, she thought about how much she'd personally want to spend on a work tote as a 20-something in New York City, she says. Mid-priced products allow zillennial consumers, who aren't immune to…...
Porsche sells its Bugatti Rimac stake and walking away from Rimac
5+ day, 18+ hour ago (384+ words) Porsche AG has agreed to sell its 45% stake in supercar brand Bugatti Rimac, fully exiting the joint venture that houses the iconic brand. Porsche and Croatian sports-car maker Rimac Group established Bugatti Rimac in 2021, with Rimac holding a 55% majority stake…...
BMW is doubling down on its flagship sedan, as rivals pull back
1+ week, 6+ hour ago (24+ words) CNBC BMW is doubling down on its flagship sedan, as rivals pull back...
What $1 million buys you in real estate around the world
6+ day, 11+ hour ago (423+ words) A million dollars isn't what it used to be " especially in luxury real estate. According to the new Knight Frank Wealth Report, $1 million buys you only 16 square meters (or about 172 square feet) in Monaco, the world's most expensive luxury market…...
Kevin Warsh's wealth shows how top family office employees can cash in
6+ day, 15+ hour ago (777+ words) Kevin Warsh can credit more than $100 million of his vast fortune to a lucrative regulatory carveout that favors family office executives and investment professionals, family office attorneys told Inside Wealth. While single-family offices are widely understood to only manage family…...
BMW says it has no intention of dropping sedans, even as some rivals cut back
1+ week, 6+ hour ago (920+ words) BMW wants to keep making sedans in spite of U. S. tariff pressures on German imports and the far higher sales of sport utility vehicles, said Sebastian Mackensen, the company's North America chief." Mackensen made the comments in an interview on Tuesday,…...
Moncler shares struggle despite defying luxury's Middle East slump
1+ week, 19+ hour ago (408+ words) Moncler shares struggled on Wednesday, despite posting quarterly results that beat earnings expectations on Tuesday. The earnings beat followed a series of underwhelming reports from European luxury players last week. LVMH, Kering, and Hermes disappointed investors with earnings misses last…...
We pay $1, 200 a month to live on a sailboat in the Florida Keys'why I 'love my life more than ever"
1+ week, 1+ day ago (1152+ words) My first husband passed away at 26. My mom at 51. My father-in-law at 71. Those losses taught me that putting anything important off until "someday" is a risk I don't want to take." Several years after I was widowed, I married Steve,…...
Coach is serving up coffee with handbags as it looks to build on Gen Z success
7+ mon, 11+ hour ago (1347+ words) At Coach's new shops, the latest purse is made of cake batter and colorful shades of white chocolate. The legacy leather handbag maker's recent venture is a coffee shop that offers Tabby purse-shaped sweets, tiramisu- and pumpkin-flavored coffees, matcha drinks…...
Property tech 'winter' is over, but climate investment is still struggling, says Fifth Wall CEO
6+ mon, 3+ week ago (443+ words) As with much of the real estate industry, property technology, generally defined as the use of tech and software to make real estate and property management more efficient, took a big hit in recent years." Higher interest rates, a capital…...