The Fintech company Finnovating, first global AI-based deal-matching platform that enables corporates and investors to connect, close deals and collaborate with over 100,000 startups and scaleups, has announced the appointment of Nick Cabrera as Head of Ecosystems and Partnerships for the UK / new Country Manager for the UK. The company continues to focus on […]
Why You Should Consider Investing in Costa Cálida and Costa Blanca? When it comes to investing in real estate, the Costa Calida and Costa Blanca offer an unparalleled combination of stunning locations and breathtaking scenic beauty. From the moment you set foot in these regions, you are captivated by the enchanting natural landscapes that surround […]
New York (CNN Business)Bitcoin prices were cooling off Thursday following a big spike in the past week. And it appears Elon Musk might be partly to blame. The price of one bitcoin fell 3% Thursday to about $23,000 after Tesla (TSLA) disclosed in its latest earnings report Wednesday that it sold about 75% of its bitcoin holdings during the second quarter to […]
23 May 2022 A group of 250 luxury UK brands, including Burberry Group Plc and Harrods Ltd, have called on the government to reintroduce tax-free shopping for tourists as a way to boost the economy. Scrapping tax from purchases will trigger an extra £1.2 billion ($1.5 billion) in annual retail sales and attract an additional […]
Everyone is looking for new customers for luxury marketing. What you may not realize is that a great source of new business is your existing customer database. By understanding the demographics of your luxury consumers, you can identify effective ways to strengthen your existing customer base. Here’s how you can mine it to lower your customer acquisition […]
When it comes to social media, there are few industries that harness the power of its platforms better than luxury brands. But rarely do names from banking, insurance and health ever come up. So how can these industries better use this channel to connect with their customers? When it comes to brands and social media, […]
For luxury start-ups, obtaining concrete funding and credit is often paramount, but a hard nut to crack. Here, wealth management and private banking company Boston Private shares its secrets for closing the deal. Banking, especially in the corporate sense, is often seen as a transaction involving lending, deposits and basic cash management. When you deal […]
Marvy Finger recently sold half his portfolio of Sunbelt apartments for $2 billion, saying the Covid-crazed rental market has peaked. The buyers, pointing to a 20-year low vacancy rate, disagree. For a real estate tycoon, Marvy Finger’s second-floor offices in a low-slung Houston office building are as modest as the first apartment buildings he erected […]
Luxury Italian group Tod’s managed to significantly narrow its net loss in fiscal 2021 as sales neared pre-pandemic levels. The company made consolidated sales of 883.8 million euros in 2021, up 38.7 percent from a year earlier and just 3.5 percent below 2019 levels. Sales improved as the year progressed, with growth in the fourth […]
Hermès reported an outstanding 2021 financial year with growth of 41.8% reaching €8.9 billion, an exceptional operating margin of 39.3% and a net profit of €2.4 billion, up 76.5% (+60% over two years). As executive chairman of the luxury group, Axel Dumas, summarized, “after 185 years of history, we are having the company’s best year […]
In 2021 all Kering-owned brands saw their sales surpass those of 2019. This comes as excellent news for François-Henri Pinault (CEO of the French group that owns Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and Boucheron) who expressed his satisfaction during the presentation of the annual results and during an in-person press conference at […]
2020 was a difficult year for a broad range of sectors and the luxury industry was no exception. Indeed, Deloitte’s recently published Global Powers of Luxury Goods 2021 report reveals that the revenue generated by the world’s top 100 luxury companies fell from $281 billion in 2019 to $252 billion last year. More than 80% […]
With the fate of luxury brands increasingly reliant on Chinese shoppers, news that one of its biggest cities is adopting a duty-free shopping economy as part of government plans to foster domestic spending, is good news. With global economies in turmoil and disarray, China is leading the tax free movement with the city of Shanghai […]
A rush of companies are vying to become the eBay of high-end horology — including the storied online marketplace itself. Demand for high-end watches exploded during the Covid-19 pandemic. But the Big Four watch brands — Rolex, Patek Philippe, Audemars Piguet and Richard Mille — are holding firm on the limited production runs that make […]
Underscoring the truth to the adage “the rich get richer,” the Hawaii high-end real estate market grew at a record rate through the third quarter of 2021. Transactions in the $3 million to $10 million luxury category rose from 215 for the period last year to 634 so far this year, according to a report […]
Luxury is continuing its recovery from the pandemic and a new brand ranking released on Wednesday, October 20, showed that luxury labels are among the world’s top performers. Interbrand’s 2021 Best Global Brands list may have shown Tesla as the fastest growing brand of 2021 overall, with an unprecedented 184% increase in brand value. But luxury — and […]
Danish jewelry maker Pandora plans to produce edgy pieces to attract young shoppers and significantly boost sales in the United States and China to meet a revenue growth target of 6-8% over 2021-2023 it announced on Tuesday. The world’s largest jewelry maker by production capacity said it was also targeting an operating profit margin of 25-27% […]
A new business takes a lot of courage, and this holds true even for small businesses. Entrepreneurs must exercise their proficiency on different levels – from legal to finances and marketing to sales, there is a lot to take in before taking off. Apart from mastering the essential marketing tools for running a successful small business, identifying […]
Crafted aesthetically to upscale our lives, these luxury gadgets may come at astounding prices but they drive innovation like never before. From transparent futuristic TVs to a self-levelling pool table made for yachts, it is time to invest in luxury. Check out our list of the most intriguing and extravagant luxury gadgets that can elevate your style as well as comfort like […]
Singapore is one of the world’s jet-setting capitals and hands down one of the countries with the best standards of living. This, however, comes at a price. Even if you’re a high roller, buying property in Singapore can get expensive. It does have its benefits, like Singapore’s red hot real estate market and the strong possibility […]
Increased financial confidence among millionaires in Asia is fueling their spending on luxury goods and experiences, according to new insights from Agility Research & Strategy. According to Agility’s 2021 Asian Millionaire report, countries in the region are seeing higher luxury spending as economies continue recovering from the COVID-19 pandemic. Many Asian millionaires are also embracing […]
Purpose-driven companies witness higher market share gains and grow three times faster on average than their competitors, all while achieving higher workforce and customer satisfaction. Much like what a foundation is to a house, a conductor is to an orchestra, and a canvas is to an artist’s masterpiece—a clear purpose is everything to an organization. […]
The European real estate market has seen several years of strong growth. In fact, since early 2016, house prices in the EU have risen by 4.6% year-on-year on average, outperforming wages and GDP growth. This upward trend has been widespread across countries and also large cities. Find out about the factors underpinning this trend and […]
Fintech companies are completely changing the way we manage our money. New financial technology has made it easier than ever to pay people back, borrow money, and invest money. We’ve rounded up some of the top fintech stocks on the market right now to add to your investment portfolio. PayPal is arguably the world’s leading […]
