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LUXURY MARKET
As hotels seek quality talent, salaries of senior roles see substantial jumpSenior hospitality executives, particularly general managers, have seen substantial pay increases due to market demand and talent shortages...- Prada Q3 revenue rises in a slowing luxe marketItalian luxury group Prada reported a 1% organic growth in revenue for the third quarter of the year. This performance reflects resilience ...
- Chinese spending curbs weigh on Hermes salesRevenue in the region that includes China, the luxury group's biggest market, flatlined at constant exchange rates, Hermes International sa...
- Prabhas Rs 60 crore Hyderabad villa: Inside ‘Baahubali’ star’s luxurious Jubilee Hills home with grand staircase, modern interiors and lush greeneryPrabhas, the renowned Telugu actor, lives in a stunning villa situated in the Jubilee Hills area of Hyderabad, valued at around Rs 60 crore...
- '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...
- India could be among top 5 global markets for Glenfiddich maker as whisky drinkers trade upIndia is projected to enter the top five global markets for William Grant & Sons in the coming years. The free trade agreement with the UK,...
- 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...
- In 2016, Sahara Ray holidayed with Justin Bieber at a $10,000-a-night waterfall mansion; eight years later, it sold for $6.25 millionIn August 2016, Bieber stayed at Waterfalling Estate on Hawaii's Big Island. He rented the property for two weeks at a rate of $10,000 per ...
- 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 ...
- Ferrari accelerates India expansion, opens doors to EU trade pact benefitsFerrari is expanding its presence in India by opening dealerships in Chennai and Ahmedabad. The company aims to take advantage of the propo...
- 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...
- Jaguar Land Rover India expands retail presence in Delhi, Gurugram; sees NCR as key marketJaguar Land Rover India has relocated to a larger facility in Delhi and opened a new outlet in Gurugram. The company views the National Cap...
- China's luxury demand recovery may remain elusive, forcing global brands to rethink growth: Bernstein reportA report by Bernstein indicates that the luxury goods industry faces challenges due to reduced Chinese consumer demand. Economic factors su...
- 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 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...
- Maison D’Arome wants India to say oui to luxury perfumes without the heavy price tagMaison D'Arome has introduced a collection of premium perfumes in India aimed at discernible consumers. The brand asserts its fragrances ar...
- 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 ...
- The economics of standing aloneVolte Una successfully held its first auction dedicated exclusively to one artwork, Tyeb Mehta's 'Rickshaw Puller,' which fetched an impres...
- LVMH's weak China sales raise fresh concerns over global luxury market recoveryLVMH's quarterly report indicated a 5% decline in fashion and leather goods sales due to weak demand. The company's overall organic sales g...
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