Luxury
North Korea to reopen for international visitors, tour operators say
North Korea will resume international tourism this winter, ending a COVID-era ban on travelers, according to operators that organize trips to the country. Travel companies KTG and Koryo Tours, which organize trips to North Korea, said on Wednesday that their partners in the country had informed them about government plans to allow travel to some […]
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Monaco is 1 of 6 locations hosting the star-studded E1 — a race thought ‘impossible’ before it began
Monaco’s connection to car racing and boating is stamped all over it, from the hairpin turns of its Formula One circuit to the five-deck superyachts docked at Port Hercule. But its desires to be known as a sustainability destination are less apparent. Monaco’s “Green is the New Glam” campaign, launched in 2018, highlighted many of […]
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LVMH puts mark on Olympics as luxury brands embrace sports
The 2024 Paris Olympic Games medals are displayed inside a custom-designed trunk manufactured by Louis Vuitton, an LVMH brand partner of the Paris Olympic and Paralympic Games, during a gathering at LVMH in Paris on July 22, 2024, ahead of the start of the 2024 Paris Olympic Games. Stephane De Sakutin | AFP | Getty […]
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Dolce & Gabbana launches $100 perfume for dogs inspired by owner’s poodle
Passers-by are reflected on the window of a Dolce & Gabbana luxury fashion house boutique displaying their new perfume for dogs called ‘Fefé’ in central Rome, on August 8, 2024. Dolce & Gabbana has launched a new alcohol-free dog fragrance certified suitable for animal use called “Fefé” in honor of Domenico Dolce’s pet. (Photo by […]
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UNESCO uses emergency procedure to name Gaza site to both its ‘World Heritage’ and ‘In Danger’ lists
UNESCO’s World Heritage Committee named a site in the Gaza Strip — Saint Hilarion Monastery, or Tell Umm Amer — to both its “World Heritage” and “World Heritage In Danger” lists in late July. The decision, made during the 46th session of the World Heritage Committee held in New Delhi, India, reflects the ancient monastery’s […]
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‘Sports tourism’ is huge. But the Summer Olympics caused travel to Paris to plummet
Was it the Parisians who bluntly told travelers “do not come” to Paris during the Summer Games? Or did sky-high prices for hotel rooms, house rentals and event tickets turn travelers away? For a multitude of reasons, many people — including residents — avoided Paris in the build-up to the Olympic Games, despite prognostications […]
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LVMH CEO Bernard Arnault says Olympics sponsorship honors the spirit of France
For the first time a luxury brand is an Olympic sponsor. And it’s not just one brand, it’s the empire of LVMH. “We tried to find a way with the Olympic Committee – to be able to show maybe something that has never been done before with the Olympics,” LVMH Chairman and CEO Bernard Arnault […]
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Rich Chinese travelers are flocking to Tokyo to take advantage of the weak yen
Chuo Ward, Tokyo, Japan – February 23, 2018; Top luxury shopping streets with multi colored neon signs. Ginza avenues are lined with shops of expensive brands and restaurants in the heart of Tokyo. It is half past five p.m. on Friday. People flock to Ginza for shopping, dinner and drinking with their friends. Ginza became […]
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Shares of Gucci-owner Kering hit seven-year low after weak forecast, revenue drop on low China sales
A bag on display at a Gucci luxury boutique in London, UK, on Friday, July 19, 2024. Hollie Adams | Bloomberg | Getty Images Shares in Gucci-owner Kering fell on Thursday, after the luxury group announced a sharp decline in revenue in the first half of the year and issued a weak forecast for the […]
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World’s largest luxury group LVMH slumps 5% after second-quarter revenue miss
People are walking by the Louis Vuitton storefront building in Lisbon, Portugal, on July 21, 2024. Luis Boza | Nurphoto | Getty Images Shares in the world’s largest luxury group LVMH fell on Wednesday after its second-quarter sales came in below analyst consensus on Tuesday. Quarterly sales came in at 20.98 billion euros ($22.7 billion) […]
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