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
L’Occitane International will delist its shares from the Hong Kong Stock Exchange (HKEX) and transition to private ownership, citing high operational costs
Shares of LVMH, the world’s largest luxury group, fell 4.7% on Wednesday after the company reported second-quarter sales below analyst expectations. LVMH’s
China’s economic slowdown and Beijing’s crackdown on displays of wealth are impacting major luxury brands. LVMH, the world’s largest luxury group, reported
LVMH, the French luxury conglomerate, showcased its extensive involvement in the Paris 2024 Olympics at a kickoff event in Paris. As a
Turkish Airlines has introduced its new Crystal Business Class suite at the Farnborough International Airshow 2024 in Hampshire, UK. This suite represents
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.