Luxury
Norovirus outbreaks linked to 2 cruise ships with over 150 infected
The Centers for Disease Control and Prevention have launched two investigations into reports of Norovirus infections linked to cruise ship voyages originating out of the United States.
Dior releases skincare line for babies featuring $230 'scented water'
A Dior Baby collection faced scrutiny for its pricey products marketed for young children, including cleansers, a moisturizer and scented water.
Bulgari apologizes for referring to Taiwan as a country after Chinese outcry
Italian luxury fashion house Bulgari was forced to apologize on Chinese social media platform Weibo after referring to Taiwan as a country on their website.
Paul Newman Rolex Daytonas, found in a desk, could sell for millions
The pair of chronographs is destined to cause a commotion in the watch world when they’re put up for auction as part of the sale of mementos from the estate of Paul Newman and his wife.
Hermès wins case against artist who sold NFTs of Birkin Bags
The NFT, called a MetaBirkin, mimicked The Birkin bag which has evolved into a coveted luxury item known for its steep price tag and exclusive wait lists.
LVMH shuffles leadership at Louis Vuitton, Dior
LVMH shifts Beccari as leader of Dior to Louis Vuitton, moves Bernard Arnault's daughter to CEO of Christian Dior, and Louis Vuitton CEO Burk to an advisory role,
Rolls-Royce rides ongoing luxury demand to sales record in 2022
Rolls-Royce's sales were led by the Americas, with the U.S. remaining its top market with around 35% of sales. In China, COVID-related lockdowns led to a "single-digit drop" in sales.
Viking cruise passenger dead after rogue wave slams into ship sailing to Argentina
A Viking Polaris cruise ship was hit with a devastating wave off the coast of Argentina on its way to Antarctica, killing a passenger and injuring four.
FTX collapse: Inside Sam Bankman-Fried's luxe $40 million Bahamas bunker
A look inside the walls of the Bahamas' Albany Resort, where disgraced FTX founder Sam Bankman-Fried is holed up after the failure of his $32B crypto empire.
Europe’s luxury-goods sale might last a while
American shoppers now have to pay 38% more at home than they would for the same product in Europe, according to Bank of America data, compared with about 20% historically.
Affluent splash out on premium drinks, pricey Birkin bags but clouds loom
Despite rising prices, demand for luxury goods soared,with some people taking advantage of the strong dollar to make purchases while on European vacations.
Americans snap Up Teslas, Bentleys, Lamborghinis as the luxury-auto market booms
The share of luxury automobile purchases continues to grow and makes up 17.3% of the overall U.S. car market in June.
Trump Organization closes $375M sale of DC hotel that will become a Waldorf Astoria
The Trump Organization sold the Trump International Hotel in Washington, D.C., for a reported $375 million to the CGI Merchant Group
Carnival CEO Arnold Donald stepping down Aug. 1
Carnival Corporation, a juggernaut of luxury cruises around the world, is replacing its Chief Executive Officer not long after complaints about his sizable pay.
General Motors to produce an electric Corvette
General Motors Co. is developing a hybrid version of its Chevrolet Corvette that could arrive at dealerships as early as next year.
Russian oligarch Alisher Usmanov’s $600M yacht seized in Germany: reports
Authorities in Germany this week seized a lavish $600 million yacht belonging to a Russian oligarch, according to reports.