Wealth

The recent appointment of Luca de Meo as the new group CEO of Kering has sent shockwaves through the fashion industry—a realm typically populated by insiders. Reports emerged, causing Kering’s shares to surge over 10%, revealing a palpable sense of optimism among investors about this unexpected transition. De Meo, who has honed his skills over

The impending transfer of wealth—projected to exceed a staggering $100 trillion—is not merely an economic statistic; it marks a seismic shift in the landscape of wealth management. As baby boomers pass down their accumulated fortunes to heirs, the very fabric of investment culture is undergoing a radical transformation. A recent survey by Capgemini starkly illuminates

In a culture steeped in wealth and privilege, it’s intriguing to see how the affluent curate their leisure time. This summer, JPMorgan’s annual reading list compiles an array of books that tug at the strings of happiness, resilience, and the future of technology. Comprised of 16 carefully selected titles, this year’s compilation deftly mixes aspirational

In a world where opulence knows no bounds, the wealthiest individuals have taken luxury to an art form, bedecking themselves in shimmering diamonds and rare gemstones. While the broader luxury market witnesses a noticeable retreat in spending, the elite continue to indulge, fueling a divide that underscores the growing chasm between the super-rich and the

In a surprising twist, Richemont, the luxury group behind the iconic Cartier brand, reported unexpectedly robust fiscal fourth-quarter sales. With a 7% year-on-year revenue increase, the figures shot up to 5.17 billion euros, defying analyst predictions that forecasted a milder outcome. This surge may seem promising, yet one must ask: does this finished painting conceal

Burberry has recently embarked on a daring journey of organizational restructuring, aimed at reinvigorating its faltering luxury brand. On the surface, such radical changes, which may eliminate approximately 1,700 jobs by 2027, appear necessary for survival in today’s cutthroat market. However, one must wonder whether slashing personnel is truly the most prudent strategy for a

On an unassuming Sunday, the world of haute horlogerie finds itself on the edge of excitement as a remarkable 1999 platinum Rolex Daytona takes center stage at Sotheby’s Geneva auction. This exquisite timepiece, with an anticipated selling price of up to $1.7 million, is about to redefine the parameters of luxury and exclusivity. But beyond

The recent inauguration of Executive Branch, an extravagant private membership club in Washington, D.C., has created ripples of intrigue within socio-political circles. Co-founded by Donald Trump Jr. and an entourage of affluent entrepreneurs and former administration officials, the club demands a staggering $500,000 membership fee. While the digits may seem exorbitant, a waiting list already

When Kering’s first-quarter sales report hit the market, the shockwaves reverberated through the luxury goods sector. The company’s revenues plummeted by a staggering 14% year-on-year, landing at 3.9 billion euros ($4.4 billion), clearly below the analyst expectations of 4.01 billion euros. This was not just a simple blip; it was a clarion call for the

In a fiscal climate where the stakes are high and the affluent have much to lose, the recent turmoil within the IRS raises significant concerns about tax enforcement and equity. The collapse of robust taxation measures, particularly affecting the wealthiest Americans, signals an alarming shift that could undermine decades of progress in ensuring fairer contributions