Luxury

Full-year deliveries were down 4.8%, with Europe and China hardest hit by supply chain troubles that curbed output, particularly in the first half of the year.

Lamborghini delivered a record number of cars in 2022 as demand exceeds production. The company says it has an 18-month waiting list for new orders.

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.

Impossible Kicks co-founder and CEO John Mocadlo says "you'd really be surprised" how clients young and old are investing in the sneaker resale market as a new kind of "asset class."

Luxury fashion brand Balenciaga recently published an ad campaign depicting children with teddy bears in bondage-style attire next to wine glasses and other items.

The V12-powered Ferrari Purosangue is sold out for at least two years, according to the company's head of marketing. The $375,000 utility vehicle can go over 190 mph.

A promotional photo for an Adidas-Balenciaga collaboration handbag depicts a desk of documents including the text of a Supreme Court case pertaining to child pornography.

Two people convicted of stealing $18 million from COVID-19 relief funds were reportedly extradited back to the U.S. from Montenegro on Thursday.

Estée Lauder is acquiring luxury powerhouse Tom Ford in a deal valued at $2.8 billion.

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.

Christie’s International is selling an 18.18-carat pear-shaped pink diamond and experts think it could be purchased in Switzerland for a maximum of $35 million.