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LUXURY INVESTMENTS
Climbing down the Moutai: Is the prestigious Moutai brand crumbling under China's anti-extravagance campaign and economic turmoil?Moutai, a prominent baijiu brand in China, has experienced significant fluctuations in demand and prices. The brand's popularity is affecte...- Titan Company brand Zoya seeks to cash in on rising high-end jewellery demand, eyes ₹500 crore revenue by FY27Titan Company's luxury brand Zoya aims to reach ₹500 crore in revenue by FY27 as India's luxury jewellery market expands. It is targeting h...
- Global Market: European stocks edge lower as Kering slumps, oil prices riseEuropean shares slipped as Kering plunged 10.4% following weak Gucci sales, while rising oil prices and French political uncertainty dampen...
- 'India a rising star in Swiss watch exports market': Franck Muller's Erol BaliyanIndia is poised to rank as the seventh or eighth largest export market for Swiss watches in the upcoming year. The country experienced a 28...
- EBay to lay off 9% of workforce in push to simplify operationsEBay will lay off about 1,000 employees, representing 9% of its workforce, to streamline operations. The company previously reduced its sta...
- In 1993, ‘Believe’ singer Cher paid $1.5 million for a Miami Beach mansion; three years later, she sold it for $4.35 million, nearly triple her purchase priceCher's iconic Miami Beach mansion, originally acquired for $1.5 million, experienced remarkable appreciation, selling for $4.35 million jus...
- Bird Group plans to double the business across all verticals by 2030Bird Group has signed a lease for developing a hotel on 12 acres in Shillong. The hospitality arm aims to increase its keys from 600 to app...
- Albanian police clash with anti-government protesters for an 8th dayProtests in Tirana escalated as police employed tear gas and water cannons against demonstrators seeking reform. Students are demanding low...
- Number of branded housing projects in India set to jump over 2-fold in 6 years: SavillsReal estate firms in India are anticipating a significant increase in branded residences by 2032. A report suggests nearly 25 ultra-luxury ...
- In 2003, Microsoft co-founder Bill Gates paid $1.31 million for a home beside his Washington estate; 21 years later, he sold it for $4.85 million, nearly 4 times as muchBill Gates sold a mid-century modern home in Medina for $4.85 million recently. The house was purchased by him in 2003 for $1.31 million, d...
- Meet Gara Post, who helped launch The NOW Massage in 2015; 9 years later, the brand had nearly 70 boutiques and more than 170 franchise licences soldPost moved to Los Angeles soon after graduating from Arizona State University to pursue a career in entertainment. She worked as an executi...
- When Marc Anthony lost $2.4 million in six months on luxury Miami condo. In 2021, he bought the 10th-floor property with rooftop helipad for $11.5 million and sold for $8.6 millionMarc Anthony's recent sale of his Miami condo at One Thousand Museum Tower tells a tale of financial loss, as he bought it for $11.5 millio...
- France unrest leaves global brands with a burning problemFrance’s weekend unrest has left luxury boutiques and mainstream retailers grappling with vandalism, looting and disrupted trade. While bra...
- Oberoi Realty Q2 pre-sales jump seven-fold to Rs 9,149 crore on strong sales in Gurugram housing marketOberoi Realty Ltd reported a remarkable increase in sales bookings to Rs 9,149.69 crore in the second quarter. The company launched its fir...
- Suryakumar Yadav and wife invest in luxury Dubai property named after Shah Rukh KhanSuryakumar Yadav has made an investment in a luxury property called Shahrukhz Residences by Danube. This waterfront development is located ...
- Luxe redux, it's a pleasure: Luxury retail in India is moving away from 'dictatorial' exclusivity to 'collaborative' empathyIndia's luxury market is projected to surpass $12 billion by 2028, reflecting a significant shift in consumer behavior. Millennials and Gen...
- In 2009, tennis legend Pete Sampras paid $5.9 million for a Brentwood estate and expanded the house; 8 years later, he sold it for $7.25 millionIn 2009, tennis legend Pete Sampras and his wife purchased a Brentwood estate for $5.9 million. Following extensive renovations, including ...
- In 2017, Big Sean paid $8.7 million for Slash’s Beverly Hills mansion and renovated it; four years later, he sold it for $11.1 million, a $2.4 million price increaseIn 2017, Big Sean purchased a mansion in Beverly Hills previously owned by Slash for $8.7 million. After four years of renovations, he sold...
- Luxury car buyers lose most GST 2.0 benefits as Mercedes, BMW and Audi raise pricesLuxury carmakers such as Mercedes-Benz, BMW, and Audi have increased vehicle prices after a GST cut. The price hikes are a response to risi...
- In 2002, TV mogul Michael King paid $11 million for a Los Angeles property and built a 15,642-sq-ft mansion; 16 years later, his estate sold it for $33.85 millionThe former residence of Michael King in Pacific Palisades has been sold for a stunning $33.85 million, setting a record in the luxury real ...
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