In the second quarter of 2024, the median price of a luxury home in the U.S. reached a record $1,180,000, marking an 8.8% increase from the previous year. This is the largest annual increase in nearly two years, according to a report by Redfin.
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L’Occitane International will delist its shares from the Hong Kong Stock Exchange
Shares of LVMH, the world’s largest luxury group, fell 4.7% on Wednesday
China’s economic slowdown and Beijing’s crackdown on displays of wealth are impacting
LVMH, the French luxury conglomerate, showcased its extensive involvement in the Paris
Turkish Airlines has introduced its new Crystal Business Class suite at the
Cadillac has introduced the Sollei concept, an electric luxury convertible aimed at exploring a niche in the EV market. The 2+2 design
Saudi Arabia’s NEOM and Equinox Hotels have revealed plans to open a luxury resort on the Gulf of Aqaba as part of
German luxury car manufacturers BMW, Mercedes-Benz, and Audi are withdrawing from the aggressive price war in the Chinese market, significantly reducing car-buying
The ongoing decline in China’s luxury spending is expected to persist through the year, wiping nearly $200 billion off the sector’s value.
Swatch Group reported a 70.5% decline in first-half profits due to a severe downturn in the Chinese luxury market. The Swiss watchmaker’s
Hilton has significantly expanded its luxury offerings through a strategic partnership with Small Luxury Hotels of the World (SLH), adding nearly 400
In the heart of Riyadh, the historic Red Palace, once home to King Saud bin Abdulaziz, is being converted into an ultra-luxury
Hublot continues to solidify its presence in the world of soccer by serving as the official watch sponsor for the UEFA Euro
Shares of high-end electric vehicle maker Lucid Motors (LCID) surged 8% on Monday following the company’s better-than-expected second-quarter delivery numbers. Despite a
Jaguar, the UK’s largest car manufacturer, has announced it will stop producing petrol-powered vehicles by the end of 2024 as part of
To mark the 50th anniversary of Tignanello, an iconic red wine, Italian luxury carmaker Maserati has crafted a unique Fuoriserie edition of
Hudson’s Bay Co., owner of Saks Fifth Avenue, has completed a $2.65 billion acquisition of luxury retailer Neiman Marcus. The merger, aimed
Bernard Arnault, the chairman and CEO of LVMH Moët Hennessy Louis Vuitton SE, has reportedly taken a personal equity stake in Cie
Luxury labels are increasingly opening unique venues beyond their standard retail locations to enhance brand marketing and Burberry has hopped on the
Luxury shoe and accessories brand Roger Vivier has proudly announced Xin Zhilei as its latest brand ambassador. The acclaimed Chinese actress will
Lanvin has launched an elegant women’s ready-to-wear boutique at the prestigious Galeries Lafayette Haussmann in Paris, enhancing the department store’s appeal as