High-end brands such as Louis Vuitton and Hermès are looking to other regions as sales in Persian Gulf nations plummet.
Category: Luxury Goods and Services
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Luxury Brands Bet on the Middle East. War Has Damaged Their Plans.
The New York Times – Business: -
Humans Who Used a Bear Suit to Defraud Car Insurers Sentenced to Jail
The New York Times – Business:The California residents collected more than $141,000 in insurance payouts after staging bear attacks on their luxury cars, state officials said.
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How Airlines Turned First-Class Seats From Freebies to a Profit Engine
The New York Times – Business:Airlines used to give away most of their nicest seats, but they have increasingly found ways to persuade people to pay a lot for them.
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What Does an Ultra-Luxury First Class Ticket Get You? Flying in a Frictionless Bubble.
The New York Times – Business:A writer reports from inside the premium bubble, where there’s no such thing as too much, petty annoyances are nonexistent and the real world never intrudes.
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In Dubai, the World’s Luxury Brands Face a Wartime Crisis
The New York Times – Business:Executives for high-end brands worry that a prolonged war will hurt sales in a city important to the future of the luxury industry.
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In Dubai, the World’s Luxury Brands Face a Wartime Crisis
The New York Times – Business:Executives for high-end brands worry that a prolonged war will hurt sales in a city important to the future of the luxury industry.
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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.
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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.
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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.