#luxury-market

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#china

China's luxury slump is trickling down to other consumer companies

China's luxury market slump is expanding to general consumer brands as sales decline due to weak consumer confidence and economic challenges.

Swiss watch exports fall again amid plummeting demand in China

Swiss watch exports declined 2.8% in October, primarily due to a 39% drop in shipments to China, despite growth in the US and Japan.

China's luxury slump is trickling down to other consumer companies

China's luxury market slump is expanding to general consumer brands as sales decline due to weak consumer confidence and economic challenges.

Swiss watch exports fall again amid plummeting demand in China

Swiss watch exports declined 2.8% in October, primarily due to a 39% drop in shipments to China, despite growth in the US and Japan.
morechina
#real-estate

220 Central Park South resale leads Manhattan luxury into September

The luxury condo market in Manhattan is experiencing significant activity, highlighted by a $34.5 million sale at 220 Central Park South.

Central Park Tower Penthouse Closes For $115M

Gary Barnett closed NYC's priciest deal at $115 million for a Central Park Tower penthouse, less than the initial $175 million target.

Brooklyn luxury market tops $80M for second time in three weeks

Brooklyn's luxury townhouse market is booming, with contract values nearly doubling from last year, driven by buyer interest in high-end properties.

Former Macy's CEO trades Park Slope townhouse, tops Brooklyn luxury

Former Macy's CEO listed his Park Slope townhouse for $6.5 million, selling after a price cut, amid a slow luxury market in Brooklyn.

Exclusive: Daniel Daggers of 'Buying London' Pits 'Gold Standard' UK Real Estate Against U.S. Market: 'If You Own a Home in London, Then You've Made It'

Get insights on real estate from 'Mr. Super Prime' Daniel Daggers in Netflix's 'Buying London.'

The six fire-, flood- and storm-prone cities where billionaires love to buy homes

Billionaires continue to buy luxury homes despite rising interest rates and climate risks, often choosing properties designed to withstand environmental challenges.

220 Central Park South resale leads Manhattan luxury into September

The luxury condo market in Manhattan is experiencing significant activity, highlighted by a $34.5 million sale at 220 Central Park South.

Central Park Tower Penthouse Closes For $115M

Gary Barnett closed NYC's priciest deal at $115 million for a Central Park Tower penthouse, less than the initial $175 million target.

Brooklyn luxury market tops $80M for second time in three weeks

Brooklyn's luxury townhouse market is booming, with contract values nearly doubling from last year, driven by buyer interest in high-end properties.

Former Macy's CEO trades Park Slope townhouse, tops Brooklyn luxury

Former Macy's CEO listed his Park Slope townhouse for $6.5 million, selling after a price cut, amid a slow luxury market in Brooklyn.

Exclusive: Daniel Daggers of 'Buying London' Pits 'Gold Standard' UK Real Estate Against U.S. Market: 'If You Own a Home in London, Then You've Made It'

Get insights on real estate from 'Mr. Super Prime' Daniel Daggers in Netflix's 'Buying London.'

The six fire-, flood- and storm-prone cities where billionaires love to buy homes

Billionaires continue to buy luxury homes despite rising interest rates and climate risks, often choosing properties designed to withstand environmental challenges.
morereal-estate
#consumer-behavior

The power of data: using insights to drive successful luxury marketing campaigns in China

Digital analytics are transforming marketing by enabling targeted campaigns and benefiting both buyers and sellers.

Why Ralph Lauren, the all-American luxury brand, is a hit in China

Ralph Lauren is seeing strong sales growth in Asia, particularly China, contrasting with other luxury brands facing downturns.

Social Media's Unsavoury Upside for Luxury Brands

The luxury market is struggling, but social media-driven feelings of inadequacy may sustain demand for luxury goods among young consumers.

LVMH had a bloodbath of an earnings. But its CFO is convinced becoming more affordable isn't the answer

LVMH is facing challenges with a 3% revenue drop, emphasizing commitment to luxury branding rather than discounts.

The power of data: using insights to drive successful luxury marketing campaigns in China

Digital analytics are transforming marketing by enabling targeted campaigns and benefiting both buyers and sellers.

Why Ralph Lauren, the all-American luxury brand, is a hit in China

Ralph Lauren is seeing strong sales growth in Asia, particularly China, contrasting with other luxury brands facing downturns.

Social Media's Unsavoury Upside for Luxury Brands

The luxury market is struggling, but social media-driven feelings of inadequacy may sustain demand for luxury goods among young consumers.

LVMH had a bloodbath of an earnings. But its CFO is convinced becoming more affordable isn't the answer

LVMH is facing challenges with a 3% revenue drop, emphasizing commitment to luxury branding rather than discounts.
moreconsumer-behavior
#brooklyn-real-estate

Mid-century modern landmark leads Brooklyn's luxury contracts

A mid-century modern home in Brooklyn Heights sold for $12 million, reflecting the luxury market's trends in Brooklyn real estate.

Waterfront Dumbo condo tops Brooklyn's luxury deals

Brooklyn's luxury market remains strong, particularly for waterfront properties, indicated by recent contracts near East River.

$14M new townhouse dev on Clinton Street one of top Brooklyn contracts this year

A townhouse in Brooklyn Heights topped the city's luxury contracts at nearly $14 million, indicating high demand in the real estate market.

Resale at 1 Prospect Park West leads Brooklyn luxury market

Unit 7C at 1 Prospect Park West was the highest-priced luxury contract in Brooklyn this week, reflecting continued demand in the market.

Brooklyn's Luxury Contracts Slow Post Memorial Day

Luxury Brooklyn real estate market slowed down post-Memorial Day weekend, with 14 homes over $2 million entering contracts.

Townhouses boost Brooklyn luxury contracts past $56M

Brooklyn luxury market volume nearly doubled compared to last year, primarily driven by townhouses.
15 units went into contract with a total of $57 million in a single week.

Mid-century modern landmark leads Brooklyn's luxury contracts

A mid-century modern home in Brooklyn Heights sold for $12 million, reflecting the luxury market's trends in Brooklyn real estate.

Waterfront Dumbo condo tops Brooklyn's luxury deals

Brooklyn's luxury market remains strong, particularly for waterfront properties, indicated by recent contracts near East River.

$14M new townhouse dev on Clinton Street one of top Brooklyn contracts this year

A townhouse in Brooklyn Heights topped the city's luxury contracts at nearly $14 million, indicating high demand in the real estate market.

Resale at 1 Prospect Park West leads Brooklyn luxury market

Unit 7C at 1 Prospect Park West was the highest-priced luxury contract in Brooklyn this week, reflecting continued demand in the market.

Brooklyn's Luxury Contracts Slow Post Memorial Day

Luxury Brooklyn real estate market slowed down post-Memorial Day weekend, with 14 homes over $2 million entering contracts.

Townhouses boost Brooklyn luxury contracts past $56M

Brooklyn luxury market volume nearly doubled compared to last year, primarily driven by townhouses.
15 units went into contract with a total of $57 million in a single week.
morebrooklyn-real-estate

Mercedes and Porsche's fight with China is coming close to home

Mercedes-Benz faces intense competition from Chinese EV manufacturers rebranding 'Made in China' as a luxury.
Chinese brands are threatening the luxury car market with advanced, competitively priced vehicles.

Judge Blocks Luxury Fashion Deal, Citing Risk of Higher Handbag Prices

The merger of luxury fashion brands was blocked to protect competition and consumer prices.

Black, white, and boring: the monochroming of America's cars

America's vehicle color options have drastically diminished, with less than 20% of cars featuring colors beyond black, white, silver, or gray.
#fashion

WWW 100

Kristen Nichols is a prominent figure in luxury fashion content creation and editorial leadership at Who What Wear.

These Are the Brands with the Highest Quality Purses

Purses are essential for women's organization and fashion, blending practicality with individuality.

WWW 100

Kristen Nichols is a prominent figure in luxury fashion content creation and editorial leadership at Who What Wear.

These Are the Brands with the Highest Quality Purses

Purses are essential for women's organization and fashion, blending practicality with individuality.
morefashion

Criminal Network Cashed In on Fake French Wine, the Europol Said

A major wine fraud scheme involved counterfeit 'French' wines sold at exaggerated prices, revealing vulnerabilities in luxury goods markets.
#bernard-arnault

LVMH's Bernard Arnault became richer after China unveiled its stimulus measures

Arnault's wealth fluctuates significantly with LVMH's performance, particularly influenced by the Chinese luxury market.
China's economic recovery plays a crucial role in the luxury sector, particularly for firms like LVMH.

Bernard Arnault leapfrogs Mark Zuckerberg on wealth rankings with $30 billion boost, but analysts warn it may be short lived

Bernard Arnault's fortune increased by $30 billion due to a surge in LVMH's stock price after recent acquisitions and boosted consumer outlook.

Bernard Arnault loses $13 billion in a single day as China's uncertain recovery undermines billionaire's wealth

Arnault's wealth fluctuates significantly with China's economic conditions, underscoring the interdependency between luxury markets and Chinese consumer demand.

LVMH's Bernard Arnault sees nearly $10 billion in wealth wiped out after share price bloodbath

Bernard Arnault's wealth fell nearly $10 billion after LVMH reported a 3% drop in third-quarter sales, reflecting broader struggles in the luxury market.

LVMH's Bernard Arnault became richer after China unveiled its stimulus measures

Arnault's wealth fluctuates significantly with LVMH's performance, particularly influenced by the Chinese luxury market.
China's economic recovery plays a crucial role in the luxury sector, particularly for firms like LVMH.

Bernard Arnault leapfrogs Mark Zuckerberg on wealth rankings with $30 billion boost, but analysts warn it may be short lived

Bernard Arnault's fortune increased by $30 billion due to a surge in LVMH's stock price after recent acquisitions and boosted consumer outlook.

Bernard Arnault loses $13 billion in a single day as China's uncertain recovery undermines billionaire's wealth

Arnault's wealth fluctuates significantly with China's economic conditions, underscoring the interdependency between luxury markets and Chinese consumer demand.

LVMH's Bernard Arnault sees nearly $10 billion in wealth wiped out after share price bloodbath

Bernard Arnault's wealth fell nearly $10 billion after LVMH reported a 3% drop in third-quarter sales, reflecting broader struggles in the luxury market.
morebernard-arnault

Mulberry rejects revised Frasers takeover bid as "unwanted distraction"

Challice, Mulberry's largest shareholder, rejected Frasers Group's takeover bid, calling it a distraction during crucial restructuring.

Will Burberry become a long-term victim of luxury downturn?

Burberry's brand value has plummeted by nearly $2 billion amid luxury market downturn and internal struggles. They face the challenge of re-establishing market relevance.

Hermes boss doesn't like the company being compared to LVMH

Hermès aims for distinct luxury positioning and growth, not merely surpassing competitors like LVMH.

Read the pitch deck that personal-shopping startup The Floorr used to raise $1.7 million in funding

The Floorr streamlines personal shopping by connecting clients, shoppers, and retailers, enhancing efficiency in the luxury market.

Europe doesn't stand a chance at increasing its centimillionaire pool

Europe is lagging in the growth of centimillionaires compared to Asia and America, with only a 26% increase over the last decade.

Christie's to acquire classic car auction house

Christie's is acquiring Gooding & Company to diversify its luxury offerings and reenter the collector car industry.

The agents dominating Miami's real estate market

Miami's real estate market is valued at $650 billion, making it one of the most valuable in the U.S.
Top agents in Miami require significant sales achievements to be competitive in the dynamic luxury market.
#gen-z

Can Luxury Brands Meme Their Way Into Gen Z's Heart?

Brands need to adjust their tone on social media to resonate with a wearier audience, particularly in the luxury market targeting Gen-Z.

5 ways rich Chinese Gen Zers are redefining luxury

Chinese Gen Z shoppers prioritize craftsmanship and brand stories over traditional luxury labels denoting status.
Sustainability and slow living are emerging as key values influencing Gen Z's purchasing decisions in luxury.

Can Luxury Brands Meme Their Way Into Gen Z's Heart?

Brands need to adjust their tone on social media to resonate with a wearier audience, particularly in the luxury market targeting Gen-Z.

5 ways rich Chinese Gen Zers are redefining luxury

Chinese Gen Z shoppers prioritize craftsmanship and brand stories over traditional luxury labels denoting status.
Sustainability and slow living are emerging as key values influencing Gen Z's purchasing decisions in luxury.
moregen-z

The luxury outlook in China just keeps getting worse

Luxury companies' sales are suffering in China as consumers prioritize safe assets over spending, opting to shop abroad, notably in Japan.

Gucci owner Kering rocked by luxury industry slowdown as shares crash a further 10% in Paris

Kering SA warns of profit tumble as luxury demand cools, Gucci struggles.

Brooklyn Heights Homes Top Borough's Luxury Market

Townhouses in Brooklyn Heights dominated Brooklyn's luxury market, with two landmarked properties leading the sales.

The Eternal It Bags: 14 Luxury Handbags That Are Certified Icons

Designer handbags are a smart and stylish investment, transcending seasons and increasing in value over time.
Luxury bags like Hermès, Chanel, and Goyard retain value due to scarcity in the resale market, leading to increasing demand.
#los-angel

For LA Agents, Luxury Home Sales Surge in December

December saw a 4.5% increase in signed contracts for single-family homes in Los Angeles County compared to the previous year.
Luxury homes priced above $5 million experienced a 41% increase in year-over-year transactions in December.

$200M Deal Tops List of LA's Priciest House Sales in 2023

Jay-Z and Beyonce broke records with their $200 million purchase of a Malibu estate in California.
The luxury market in Los Angeles saw a 37% drop in sales of homes priced at $10 million and above in 2023 compared to the previous year.

For LA Agents, Luxury Home Sales Surge in December

December saw a 4.5% increase in signed contracts for single-family homes in Los Angeles County compared to the previous year.
Luxury homes priced above $5 million experienced a 41% increase in year-over-year transactions in December.

$200M Deal Tops List of LA's Priciest House Sales in 2023

Jay-Z and Beyonce broke records with their $200 million purchase of a Malibu estate in California.
The luxury market in Los Angeles saw a 37% drop in sales of homes priced at $10 million and above in 2023 compared to the previous year.
morelos-angel

Brooklyn Heights, Clinton Hill Townhouses Top Brooklyn's Luxury Market

Historic townhouses in Brooklyn Heights and Clinton Hill were the priciest homes to find buyers in Brooklyn's luxury market.
The most expensive property to enter contract was a renovated townhouse on 150 Henry Street, listed just under $8 million.

Brooklyn's Luxury Market Rebounds Post-Thanksgiving

Brooklyn's luxury market rebounded after a Thanksgiving week slump with 20 contracts signed for homes asking $2 million or more.
Carroll Gardens in Brooklyn is known for its expensive homes, with a townhouse asking $7 million being the priciest property to find a buyer.

Saudi Arabia is getting a Trump Tower as it ramps up its luxury property push

Saudi Arabia is developing a Trump Tower in Jeddah for luxury market and international investors.

art d'egypte hosts 'echoes of luxury' exhibition within historical burial site in saqqara

The Echoes of Luxury art exhibition in Saqqara celebrates a new era of luxury in Egypt by bridging the past and present through art and culture.
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