Wealth

Burberry, once a paragon of British luxury, is grappling with the reality that its glory days are not just behind but are currently teetering on the edge of obscurity. The recent announcement of significant organizational changes, which could potentially affect around 1,700 employees globally by 2027, underscores a desperate response to declining sales figures. The

Step aside, traditional luxury; the integration of inimitable craftsmanship, historical significance, and exclusive materiality is about to make waves in the auction world. The 1999 platinum Rolex Daytona is set to go under the hammer at Sotheby’s Geneva for a staggering sum that could reach $1.7 million. This timepiece is not just another accessory; it’s

In an age marked by glaring socio-economic disparities, the emergence of exclusive private membership clubs tailored for the affluent seems more an affront than a societal innovation. Washington, D.C.’s latest addition, the Executive Branch, co-founded by none other than Donald Trump Jr., has set a staggering $500,000 membership fee that positions it far above its

In a stark revelation that shook the luxury goods market, Kering, the powerhouse behind renowned brands like Gucci, has witnessed a significant plunge in its first-quarter sales, forecasting further challenges that beg the question: Is this merely a storm in a teacup for luxury or a harbinger of worse to come? With sales dropping by

As the U.S. grapples with economic challenges in the wake of a tumultuous few years, the recent developments within the Internal Revenue Service (IRS) signal a grim future for tax enforcement and equity in revenue collection. The IRS’s High Wealth division, strategically set up to target high-net-worth individuals and corporations, has faced severe staff reductions,

The world of luxury is often seen through a lens of invincibility. Brands like LVMH (Moët Hennessy Louis Vuitton) have historically stood as titans, their very names summoning visions of affluence and exclusivity. However, the recent 8% slide in LVMH shares reveals a stark reality: even the giants can stumble. This sharp downturn, coupled with

As the winds of economic uncertainty sweep across the global landscape, Europe’s iconic luxury brands, once impervious to transient political tensions, now find themselves in a precarious situation. The recent imposition of U.S. tariffs has raised pertinent questions about the resilience of high-end fashion houses like LVMH, Kering, and Hermes, all of which saw their

In a bold move that exemplifies both the luxury market’s resilience and the crushing weight of government tariffs, Ferrari announced a 10% price increase on select models following new auto tariffs instituted by the Trump administration. This translates to jaw-dropping price hikes, potentially raising the cost of certain models by as much as $50,000. Such

The fashion world gasped as Kering announced the appointment of Demna Gvasalia, the audacious force behind Balenciaga, to lead its beleaguered Gucci brand. On the surface, this decision is a bold attempt to revive a label that has been struggling with declining sales and relevance. However, the dramatic share price drop of 10.75% after the

The proposal of a $5 million investment visa, dubbed the “gold card,” by former President Donald Trump has sparked both interest and controversy in the realm of U.S. immigration and taxation. Market analysts and immigration attorneys are closely examining the implications of this initiative, which promises permanent residency and citizenship to affluent individuals who are