Luxury

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'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.

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.

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.

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.

Despite rising prices, demand for luxury goods soared,with some people taking advantage of the strong dollar to make purchases while on European vacations.

The share of luxury automobile purchases continues to grow and makes up 17.3% of the overall U.S. car market in June.

The Trump Organization sold the Trump International Hotel in Washington, D.C., for a reported $375 million to the CGI Merchant Group

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 Co. is developing a hybrid version of its Chevrolet Corvette that could arrive at dealerships as early as next year.

Authorities in Germany this week seized a lavish $600 million yacht belonging to a Russian oligarch, according to reports.

A Danish artist who was was given a pile of money by a museum with which to create a piece of artwork, submitted two empty canvases — titled “Take the Money and Run.”

Volkswagen AG is phasing out sales of the Passat sedan in the U.S., the latest well-known nameplate to exit U.S. showrooms as auto makers embrace sport-utility vehicles.

If you haven’t traveled in a year and remain skittish about interacting with strangers, let us introduce you to a private island resort.

In an otherwise bleak picture after a year of coronavirus lockdowns, a bright spot has emerged for the apparel industry: Americans are finally shedding their loungewear for dressier clothes.

The Milan fashion house Dolce&Gabbana has filed a defamation suit in an Italian court seeking over $600 million in damages from two U.S. fashion bloggers who reposted anti-Asian comments attributed to one of the designers that led to a boycott by Asian consumers.