Luxury
He quit a job in engineering to travel and work on yachts. Here’s how much he earns now
Hugo Ortega, an American, had a well-paying job as an engineer and a long-term girlfriend. But he wasn’t happy, he said. “I didn’t like the job that I had. I didn’t like the degree that I had just finished doing,” he said. “I was starting to feel kind of weighed down by a lot of […]
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Airline bookings haven’t moved with the times. That’s about to change
In June, my children and I flew from Singapore to Texas to visit family. Several weeks later, we met up with my husband in New York City. Then I flew, solo, back to Asia, later followed by my husband. Eventually the kids returned with a set of grandparents in tow. All in, our summer trip […]
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Fewer people are drinking — and that’s changing how they travel
Peter Shankman, an American, said he looked forward to free drinks when he flew business class for work. The entrepreneur would have a drink, then a few more, sleep, then land. All was well, he said. Until it wasn’t. “Eventually, I realized that I wasn’t fine,” he said. “I was tired, cranky … [it] wasn’t […]
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‘Loud luxury’ is back as high-end brands look to rebound
A guest wears red knitted Gucci x Adidas sweater, outside Bluemarble, during the Menswear Spring/Summer 2026 show as part of Paris Fashion Week on June 26, 2025 in Paris, France. Claudio Lavenia | Getty Images “Loud luxury” is poised for a comeback as ailing fashion houses attempt to inject a sense of newness and novelty […]
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Chocolate, skincare and timepieces: What 39% tariffs on Swiss goods mean for U.S. consumers
Premium collection of dark, milk and white chocolates. Anna Kurzaeva | Moment | Getty Images U.S. buyers of Swiss products, from luxury watches and skincare to artisan chocolates, could soon face sharp price rises if negotiators are unable to strike a deal to avert 39% tariffs due to come into effect on Thursday. The announcement […]
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Asian visitors to Japan fell because of a strange manga prediction. Here’s why
A fan of Japanese manga reads a comic in his home in Kamisu in Japan’s Ibaraki Prefecture. Philip Fong | Afp | Getty Images Visitor interest in Japan plunged in June, amid a prophecy in a manga that predicted a “disaster” would strike Japan in July 2025. The prediction was in a 2021 reprint of […]
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China’s Laopu Gold shares fall despite forecast of tripling profits
Customers line up in front of the Laopu Gold Store in Shanghai, China, February 27, 2025. Cfoto | Future Publishing | Getty Images Shares of Laopu Gold fell to their lowest levels since May 20 after the Chinese jewelry upstart forecasted its net profit for the first half of 2025 would increase between 279% and 288% year over […]
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Luxury shopper recovery faces four key headwinds
The 19-story façade of the Louis Vuitton luxury store stands wrapped in a design reminiscent of their monogrammed trunks in Manhattan, New York City. Spencer Platt | Getty Images News | Getty Images High-end spenders are painting a mixed picture when it comes to the luxury market’s long-awaited recovery, with softer sales still weighing on […]
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Auction sales fall 6% in the first half, raising fears of an art market shift
Ups and Downs by KAWS, estimated£30000-£50000, on display during a preview at the Phillips showroom in central London, ahead of their forthcoming Evening and Day Editions auction. Picture date: Friday January 17, 2025. (Photo by Ian West/PA Images via Getty Images) Ian West – Pa Images | Pa Images | Getty Images A version of […]
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Moncler raises prices on tariffs, may postpone store openings if downturn worsens
A general exterior view of the Moncler luxury fashion label store in Sloane Street, Knightsbridge on February 17, 2025 in London, United Kingdom. John Keeble | Getty Images News | Getty Images Italian luxury house Moncler said it’s currently relying on “very slight price increases” to offset the initial impact of U.S. tariffs, but warned […]
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