luxury goods

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A New Stat May Spell Trouble for the Luxury Market

Sales of Swiss watches suddenly crater in China, a possible sign of bigger trouble

(Newser) - A humdrum-sounding trade stat has caught the attention of the financial press because it may signal bigger trouble on two fronts: the luxury market in general and the Chinese economy in particular. The story revolves around pricey Swiss watches.
  • A plunge: Sales of Swiss watches to mainland China cratered in
...

Cop to Shot NFL Player: 'Be Strong, Like You're on the Field'

San Francisco 49ers' Ricky Pearsall was reportedly targeted after visiting luxury store

(Newser) - The man who shot and injured San Francisco 49ers rookie Ricky Pearsall in a daylight attempted robbery on Saturday was after his Rolex, police say. After an autograph session at the Cow Palace in Daly City, California, Pearsall had visited a "luxury" store near Geary Street and Grant Avenue...

People Wait Years for This Wine Sold at Costco

There's a (very) limited supply now of Screaming Eagle's cab sav, but be prepared to pay thousands

(Newser) - A hint of something special at Costco arrived earlier this month on Reddit , when one user posted a picture of a row of wine bottles, one with an eye-popping price tag of $3,699.99. "Had to make sure I was seeing correctly," the person wrote in the...

This Year's Golden Globes Swag Bag Tops $500K

The Globes says it might be the 'most valuable' swag bag to date

(Newser) - The 81st Golden Globe Awards are coming in January, and despite Americans feeling the pinch in their wallets, the creators are going all out with what they're calling perhaps the "most valuable" gift bag "ever." Offerings in 2024's swag bag are valued over $500,000,...

Thanks to COVID, Luxe Business Is Booming

Pandemic inspired 'life can be short' mentality, record car sales, says Rolls-Royce CEO

(Newser) - Rolls-Royce, Bentley, and Lamborghini are among the luxury car brands to describe record sales in 2021, CNN reports. The reason, according to Rolls-Royce CEO Torsten Muller-Otvos: the high rate of COVID-19 deaths. "Quite a lot of people witnessed people in their community dying from COVID. That makes them think...

As Pandemic Wanes, a New Hot Commodity

Engagement rings, wedding bands are seeing a spike in sales across US

(Newser) - As pushback on the pandemic continues and more businesses reopen, one industry is seeing a noticeable boom. CNN Business reports that, as people start to resume some sense of normalcy, getting hitched has once more become a priority—meaning jewelry for the special occasion is now in high demand. "...

Designer Face Shields With $1K Price Tag Are Now a Thing
Fending Off the Virus
Just Got Fancy
Sep 14, 2020 12:10 PM CDT

Fending Off the Virus Just Got Fancy

Louis Vuitton will make a $1K face shield

(Newser) - "An eye-catching headpiece, both stylish and protective" is in the works, courtesy of Louis Vuitton and meant to help keep COVID-19 at bay, but it won't come cheap. Per the New York Post , the fashion house's new plastic face shield, which is part of the brand's...

This Is Luxury Industry's Biggest Deal Ever

French giant LVMH is paying $16.7B for US firm Tiffany

(Newser) - French luxury giant LVMH Moet Hennessy Louis Vuitton said Monday it has reached a deal to buy US-based jewelry legend Tiffany & Co. for $16.2 billion. LVMH said in a statement that the deal values the 180-year old Tiffany and its 300 boutiques worldwide at $135 a share. The...

Someone Just Paid $31M for This Wristwatch

The Patek Philippe auctioned by Christie's is the most expensive wristwatch ever sold

(Newser) - Someone is about to have a very well-adorned wrist. Christie's held its charity Only Watch auction in Geneva on Saturday to help raise money for research on Duchenne muscular dystrophy, an every-other-year event that features dozens of luxury timepieces, and a one-of-a-kind Patek Philippe earned the title of most...

Luxury Brand Pulls 'Blackface' Products Amid Outcry

A civil rights attorney was shocked by the display

(Newser) - "I don't make a lot of public posts, but right now I'm shaking with anger." So begins a Facebook post that has stirred public indignation and pushed the luxury brand Prada to pull products from its shelves, CNN reports. Chinyere Ezie, a civil rights attorney, says...

Michael Kors Scoops Up Jimmy Choo for $1.2B

Handbag maker trying to step up its game in luxury goods market with high-end shoes

(Newser) - Shoes and handbags go together like … well, Jimmy Choo and Michael Kors, now that the latter has agreed to purchase the former for $1.2 billion, the Wall Street Journal reports. Michael Kors is looking to bolster its business with the luxury shoe brand as sales of its own...

$85 for a Rock? Maker Explains Cost of Weird Nordstrom Gift

It's all about that leather pouch

(Newser) - It's not a lump of coal, but one of Nordstrom's stocking-stuffer possibilities this holiday season is in the same ballpark—it's a rock in a leather pouch. And many are confused, per People , which reports on the $85 "Los Angeles-area stone" clothed in "rich, vegetable-tanned...

'Simple Man' Buys License Plate for $9M

In UAE, single-digit plates are all the rage—and so Balwinder Sahni had to have a couple

(Newser) - Simple man: a Lynyrd Skynyrd song or how Balwinder Sahni describes himself to CNNMoney ? Both, though based on what's being reported about the Indian property developer based in the UAE, it's hard to believe the latter. Sahni owns six Rolls-Royces, and two of his existing luxury cars...

Why This Decanter Will Set You Back $185K

'When we decant a wine, we aren't just pouring it out, we are liberating it'

(Newser) - Is the wine selling the decanter or is the decanter selling the wine? There's no easy answer in the unveiling of a truly prized possession, an imperial (6-liter) decanter called the Aevum Imperial Service Ritual that's meant to house the award-winning 2012 vintage of Australian winemaker Penfolds' Grange...

Truffle Oil Is a 'Remarkably Successful Con'

Truffles are known for their scarcity, but not even trace amounts appear in truffle oil

(Newser) - For years, truffle oil has promised to bring consumers the hard-to-find truffle with convenience and a longer shelf life. Problem is, truffles are neither long-lasting nor convenient—which is part of what makes them so exciting and expensive, reports Priceonomics . Well, it turns out the oil, often marked as "...

Trump's Luxury Brands Have Lost Their Glitter

And he really only has himself to blame, per Politico

(Newser) - For more than 10 years, BAV Consulting has kept an eye on the Donald Trump brand, documenting its peaks and valleys in consumer opinion. But as Politico reports, the Donald's hold on the luxury goods market—which has helped amass him a portfolio that Bloomberg has estimated is worth...

Fashion House Woos 'Next Big Untapped' Market: Muslims

Dolce & Gabbana is out with designer hijabs and abayas

(Newser) - In what Clare O'Connor of Forbes calls "its smartest move in years," fashion house Dolce & Gabbana is dipping in to a market with massive potential: Muslim fashion. D&G has launched its first collection of abayas and hijabs for the Middle Eastern luxury goods market. While...

The 5 Priciest Cars in the US
 The 5 Priciest Cars in the US 
Oct 14, 2015 7:30 PM CDT

The 5 Priciest Cars in the US

One costs more than a million bucks

(Newser) - You think a $100,000 Tesla is expensive? Pshaw. That's nothing compared to the McLaren P1, which is the most expensive car in America, per a 24/7 Wall Street analysis of Kelley Blue Book listings. The top 5, consisting of both performance and luxury vehicles:
  1. McLaren P1: $1,155,
...

On Offer in Neiman Christmas Book: $475K Perfume

Plus: $300K model racetrack, $100K amphibious vehicles

(Newser) - Looking for the perfect gift this holiday season? Look no further: For just $475,000, Neiman Marcus is offering the chance to design a perfume with an expert in Paris. Your fragrance will come in 14-karat gold bottles, the Dallas Morning News reports. If that doesn't strike your fancy,...

Rodman in Snag Over Kim's Fancy Birthday Gifts

He's being investigated for breaking US law banning luxury imports to North Korea

(Newser) - Apparently being buddy-buddy with Dennis Rodman has its perks. On his recent trip to Pyongyang, the ex-NBA star is said to have showered Kim Jong Un with more than $10,000 in luxury gifts—including a fur coat, an Italian suit, European crystal, hundreds of dollars worth of Irish Jameson...

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