The modern conception of luxury has evolved far beyond the mere acquisition of expensive items. Today, luxury is increasingly rooted in experiences — ephemeral, exclusive, and often inaccessible to the majority. The recent influx of corporations like LVMH into high-end travel underscores this trend. While it might seem like a natural extension of their brand
Wealth
At first glance, Burberry’s recent performance appears promising—a modest but significant uptick in sales within the American market and a return to some level of growth in select regions. However, delving deeper reveals a more complex reality: a luxury giant still teetering on fragile foundations amidst economic headwinds and changing consumer landscapes. The narrative of
The recent decline in Richemont’s sales in Japan exposes the unsustainable optimism that often clouds the luxury industry’s perception of resilience. After a frantic surge fueled by currency depreciation and international tourism, the market’s bright outlook has quickly dimmed. The 15% drop in Japan’s sales—following a staggering 59% jump—serves as a stark reminder that the
Recent legislative changes designed to stimulate the economy are often portrayed as straightforward benefits for business owners and the broader public. However, the new federal spending bill, with its reinstatement of “bonus depreciation” for private jets, exposes a darker truth about how fiscal policies can deepen economic inequality. While proponents argue that such incentives boost
In the flawed fabric of current fiscal policymaking, it is disturbingly clear that the wealthy continue to reap disproportionate benefits under the guise of economic progress. Recent legislative proposals, particularly President Trump’s so-called “big beautiful bill,” reveal a troubling pattern: the privileged elite are set to gain even more from tax reforms that favor high-income
When billionaire Jeff Bezos chose Venice for his wedding, he didn’t settle for modesty—he orchestrated a spectacle of wealth that highlights the deep chasm separating the ultra-rich from the everyday lives of ordinary citizens. In a city already strained by mass tourism and environmental challenges, this multi-million dollar extravaganza holds up a glaring mirror to
In a move that has sent shockwaves through the luxury fashion industry, Kering’s stock surged over 10% following the announcement of Luca de Meo as its new group CEO. The French conglomerate, which has struggled under the weight of dwindling sales and brand mismanagement, appears to be making a daring attempt at rejuvenation. Investors, buoyed
A seismic shift is about to take place in the world of wealth management. Predictably dubbed the greatest wealth transfer in history, an estimated $100 trillion will transition from older generations—primarily Baby Boomers—to their heirs, generally comprising Millennials and Generation Z. Various reports suggest that a staggering 81% of these young inheritors are eyeing new
In an era dominated by rapid technological change and socio-economic upheaval, it’s fascinating how the affluent navigate their summer reading list as a blend of leisure and introspection. JPMorgan’s recently released summer reading guide has unwittingly become a mirror reflecting the ambitions and anxieties of the wealthiest among us. With titles focusing on happiness, artificial
As the world grapples with economic uncertainty, a stark divide continues to emerge: while the majority tighten their belts, the ultra-wealthy are still indulging in lavish displays of affluence. Ornate diamond rings and exclusive gemstone necklaces are no longer just adornments; they’re symbols of status that survive economic downturns. This obsession with high-end jewelry, notably