After a year marked by stagnation and caution, luxury giant LVMH has made a remarkable comeback in the booming watch and jewelry market. With a modest but notable 3% increase in sales for their watches and jewelry segment, LVMH has demonstrated resilience amidst broader trends that saw declines in their fashion, leather goods, and spirits
Wealth
The recent dip in LVMH shares should serve as a stark reminder to investors – the luxury market, while it boasts an extravagant facade, is grappling with fundamental issues that threaten its long-term health. After reporting revenues of €84.68 billion, which narrowly beat forecasts, the superficial sheen of success was quickly overshadowed by concerns regarding
In a market often perceived as the epitome of exclusivity and opulence, LVMH, the world’s largest luxury conglomerate, has remarkably withstood the tumultuous waves of economic uncertainty. Reporting full-year revenues of €84.68 billion ($88.27 billion) for 2024, LVMH has managed to outpace analysts’ expectations, presenting a glimpse of stability amidst a century characterized by volatility.
In an age where the luxury fashion market faces an array of challenges, Burberry has defied predictions, registering a 16% increase in stock value following a less severe decline in sales than analysts anticipated. The latest financial report revealed a 4% fall in comparable sales for the fiscal third quarter—significantly improved compared to the expected
In a significant development for the luxury sector, shares of Richemont, the parent company of renowned brands such as Cartier, saw a notable increase on Thursday. This surge followed the luxury group’s announcement of a 10% rise in sales for the fiscal third quarter, despite fluctuations in demand from crucial markets like China. The company’s
With the festive season fast approaching, J.P. Morgan Private Bank has unveiled its anticipated Holiday NextList 2025. This curated selection not only features an impressive array of books and artistic experiences but also highlights a vision for the future that empowers the next generation of affluent individuals. The list encompasses a variety of cultural and
In recent years, family offices have emerged as crucial players within the financial landscape. As wealth concentration increases globally, the importance of managing that wealth with astute financial strategies has come to the forefront. With the number of family offices surging from roughly 6,000 in 2019 to over 8,000 today, and their assets projected to
The ongoing debate surrounding the tax status of non-domiciled individuals, or “non-doms,” in the UK, has reached a pivotal moment. With significant pressure from the government and calls for reform, the ultra-wealthy non-doms are advocating for a tax system similar to Italy’s flat-rate approach. This strategy has been proposed as a solution to prevent an
The increasing presence of women among the world’s wealthiest individuals marks a significant shift in the global economic landscape. A recent analysis reveals that women now comprise 13% of the billionaire class, equating to 431 out of 3,323 billionaires worldwide, as per the Altrata Billionaire Census. Although this percentage may appear modest, it’s critical to
In an era marked by unprecedented shifts in art valuation and the integration of technology, few events encapsulate this phenomenon quite like Justin Sun’s audacious acquisition of Maurizio Cattelan’s infamous art piece, “Comedian.” This iconic artwork—a banana duct-taped to a wall—was sold for a staggering $6.2 million at a recent Sotheby’s auction, signaling a profound
The global art market is experiencing notable transformations, with sales witnessing a downturn for the second consecutive year. This trend has been underscored by a recent survey from Art Basel and UBS, which suggests that high-net-worth individuals are reassessing their purchasing strategies. Specifically, auction sales at major houses like Christie’s and Sotheby’s have dipped dramatically—with