A Gucci luxury goods store in the Galleria Vittorio Emanuele shopping mall in Milan, Italy. Bloomberg | Bloomberg | Getty Images Europe’s troubled luxury sector is showing signs of revival after an upbeat earnings season. But continued weakness in China — and the prospect of U.S. tariffs — could leave even the most exclusive brands […]

In this article MC-FR Follow your favorite stocksCREATE FREE ACCOUNT After a year of declines, sales of watches and jewelry at luxury giant LVMH rebounded in the latest quarter and continued to shine into January, according to several of the company’s brand CEOs. In its earnings call this week, LVMH reported that sales for its […]

A photograph taken on April 23, 2024 shows a view of the new Louis Vuitton luxury shop belonging to French luxury group LVMH Moet Hennessy Louis Vuitton SA, on the Champs Elysee avenue in Paris. Julien De Rosa | Afp | Getty Images Shares of LVMH dropped 5% on Wednesday after slightly better-than-expected annual results […]

A print copy of “The 38 Letters from J.D. Rockefeller to his son: Perspective, Ideology and Wisdom” purchased on Amazon. CNBC The mystery around a top-selling Amazon book attributed to John D. Rockefeller has grown to include a university publisher, which denies any involvement in the book despite being listed as it’s publisher. CNBC began […]

Shoppers walk into a Burberry store at Fashion Valley, an upscale shopping mall on December 13, 2024 in San Diego, California. Kevin Carter | Getty Images News | Getty Images Shares of Burberry jumped as much as 16% on Friday after the company reported a shallower-than-expected dip in sales in the fiscal third quarter, providing […]

Shoppers pass a Cartier luxury store, operated by Cie. Financiere Richemont SA, in the Galeries Lafayette SA luxury department store in Paris, France. Bloomberg | Bloomberg | Getty Images Cartier owner Richemont on Thursday reported a 10% increase in fiscal third-quarter sales even as China demand weighed, in a positive signal for the health of […]

Courtesy: J.P. Morgan Private Bank J.P. Morgan Private Bank is out with its list of recommended holiday books and experiences for wealthy clients, and this year’s offerings include a George Clooney Broadway debut, an expanded art museum in São Paulo, Brazil, a wellness center in Manhattan and books about leadership and artificial intelligence. The “NextList2025,” […]

Alice Walton speaks onstage during the Getty Medal Dinner 2022 at Getty Center on October 03, 2022 in Los Angeles, California. Stefanie Keenan | Getty Images Entertainment | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to […]

Italian visual artist Maurizio Cattelan’s duct-taped Banana entitled “Comedian,” is on display during a media preview at Sotheby’s in New York, on November 8, 2024.  Kena Betancur | Afp | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and […]

Guillaume Houze attends the 33rd ANDAM Prize Winner cocktail at les Jardins du Palais Royal on June 30, 2022 in Paris, France. Pascal Le Segretain | Getty Images Entertainment | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and […]

Shoppers walk past Burberry’s Shanghai store Kevin Lee | Getty Images LONDON — Burberry is aiming to win back shoppers and boost waning sales by refocusing on heritage designs and statement pieces under sweeping revamp plans designed to revive the luxury fashion house’s ailing fortunes. The “Burberry Forward” strategic overhaul, announced Thursday, intends to reconnect […]

The storefronts of Dolce & Gabbana, Tiffany & Co. and Patek Philippe are seen as people enter Icon Siam, a luxury shopping mall located on the Chao Phraya River, on June 12, 2024 in Bangkok, Thailand.  Lauren Decicca | Getty Images News | Getty Images The personal luxury goods market looks set to face its […]

Closeup of late 40s handsome executive man driving in the back seat of a luxury limousine and using a smart phone.  Gilaxia | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, […]

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk is on track to become the world’s first trillionaire by 2027, according to a recent report from Informa Connect Academy. Of the world’s billionaires, Musk is the closest to that 13-figure mark, and his wealth is growing. At the start of 2020, Musk […]

Hidden inside a 46-story luxury condominium building in Miami is a massive garage where dozens of busy robots whisk cars to and from parking spots. The futuristic 24/7 operation unfolds across a 13-level garage and employs five car lifts, dozens of lasers and hundreds of bar codes embedded in the floors. Residents who pull into one […]

High end Porsche 911 Carrrera GTS car parked outside the Chanel store on Bond Street on 16th October 2023 in London, United Kingdom.  Mike Kemp | In Pictures | Getty Images LONDON — Britain’s ultra-rich non-doms are urging the government to introduce an Italian-style flat-tax regime to prevent a wealth exodus, as their preferential status […]