Category: Luxury Goods and Services

Fashionable Wall Street Bros Set Off a Social Media Storm

The New York Times – Business:
They said yes to an Interview magazine fashion shoot. Then came the haters.
Have a Montana License Plate in California? Officials Have an Eye on You.

The New York Times – Business:
Since 2018, Californians have bought luxury vehicles worth over $20 million in sales-tax-free Montana, exploiting a loophole that avoided millions of dollars in levies, an investigation revealed.
From the French Riviera to Kyoto, Japan, 5 New Luxury Hotels

The New York Times – Business:
From palatial to contemporary to luxuriously rustic, this collection of new resorts and inns offers spas, private gardens, fine restaurants and exquisite settings.
After Saks Bankruptcy, Richard Baker Says He Saved Luxury Department Stores

The New York Times – Business:
Richard Baker wanted to create a retail empire when he combined Saks Fifth Avenue and Neiman Marcus. About a year later, it filed for bankruptcy.
Dutch Prosecutors Fine Louis Vuitton Netherlands in Money Laundering Case

The New York Times – Business:
The Dutch subsidiary of the luxury brand agreed to pay a nearly $600,000 settlement in a money laundering and terrorism financing case.
It’s a Grocery Store, but Selling Food Isn’t the Point

The New York Times – Business:
Happier Grocery in New York is an entry point for people seeking a community built on inside knowledge. It’s not the only high-end grocer doing this.
Tesla’s Model S, Soon to Be History, Changed the Auto Industry

The company’s chief executive, Elon Musk, said this week that it would stop making the car, an electric pioneer in 2012, as well as the Model X.
A Watch Brand Is (Quickly) Reborn

It took new management only six months to introduce a watch at HYT, a quirky brand that uses fluorescent liquid to indicate time.
Vintage Watch Dealer Goes Her Own Way

Last year, Zoe Abelson left Hong Kong and the security of a full-time job. Now, based in New York, she searches for the watches of her clients’ dreams.
No Ikea Shelves, No Levis: The Retailers Pulling Out of Russia

Since the invasion of Ukraine began, the increasing financial and reputational risks of doing business in Russia are leading Western brands to halt operations.
No Ikea Shelves, No Levis: The Western Retail Exodus From Russia Is On

Since the invasion of Ukraine began, the increasing financial and reputational risks of doing business in Russia is leading Western brands to halt operations.
Tech Firms Are Persuading Retailers to Put A.I. Everywhere

Stores of all kinds are using artificial intelligence to sell everything from luxury handbags to hay for horses.