Julius Baer's latest Global Wealth and Lifestyle Report found Dubai, Bangkok, and Tokyo are rising fast as new luxury hubs.

Despite the global slowdown in the luxury goods sector, Europe is showing growth. In 2024, the value of the market in the region increased by 3% and reached almost €110 billion. What is behind this ...

Dimitriy Nezhinskiy facex a maximum sentence of five years’ imprisonment and restitution of approximately $2.5 million.

LUXURY is out of fashion. The sector is facing a perfect storm. Chinese spending, the industry’s growth engine for so long, ...

Shinsuke Sakimoto, the CEO of luxury goods reseller Valuence Holdings Inc., revealed himself as the buyer of a Hermès Birkin ...

Fear stalks the luxury goods industry, but a fightback is currently being led by LVMH and the other names - hinting that it may be time to start bargain shopping for luxury goods shares.

A pawn shop owner in New York City pleaded guilty to serving as a fence for luxury goods stolen from people's homes. Per the ...

Luxury's focus on accessibility fueled growth but alienated top spenders. Now facing a slowdown, brands must return to core ...

Cashmere king Loro Piana, part of LVMH’s luxury empire, became on Monday the fifth high-end brand to be put under judicial ...

MISSOURI — Among 13 different measures that Governor Mike Kehoe signed into law last week, one eliminates the luxury tax on ...

Nezhinskiy co-managed a pawn shop in Manhattan's renowned Diamond District alongside Juan Villar, who recently pleaded guilty to the same charge and awaits sentencing. Prosecutors say their business ...

A Manhattan pawn shop owner has pleaded guilty to serving as a fence for luxury items stolen from wealthy people across the ...