Luxury

The Number of Global Millionaires Keeps Growing, but Millennials May Be Left Behind

Maybe there is never a bad time to be a millionaire. And there are now more millionaires than ever, according to the Credit Suisse 2017 Global Wealth Report. In the ...
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A Tale of 2 Watch Sellers: Tourneau and JC Penney

Early this year, luxury watch retailer Tourneau, a portfolio company of private equity firm Leonard Green, began hunting for a buyer. The hunt has so far been unsuccessful, due to ...
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Has Amazon Lost the Luxury Goods Market?

The market for luxury goods depends, indeed thrives, on exclusivity, the key to keeping prices high. That may be the primary reason that luxury goods makers protect their brand so ...
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Services to Share Ultra-Luxury Cars

Almost no one can afford a $494,000 Lamborghini Aventador. However, the price to drive it for an hour at a time is something different. The business of sharing the world's ...
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Powerball Lottery Now $700 Million: 12 Things Not to Do If You Win

Americans are frequently reminded by politicians and the media that the American Dream has died. After all, a life of hard work, saving money and endless planning and investing is ...
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Why Millennials Hold the Key to Sales of Luxury Goods

Having overtaken boomers in sheer numbers sometime last year, millennials now hold the key to U.S. consumer spending, the engine that drives nearly 70% of U.S. gross domestic product (GDP). ...
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2 Lotteries Now Over $300 Million Each: 12 Things Not to Do If You Win the Lottery

You may have heard the notion that the American Dream is dead. A lifetime of hard work and planning and being financially responsible is just too much for many people ...
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Will The Ritz-Carlton Yacht Collection Disrupt the Luxury Cruise Industry?

The cruise industry seems to just keep growing and growing over time. Meanwhile, the hotel industry has enjoyed its waves of annual growth and is now facing challenges from the ...
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Powerball Lottery Jackpot Hits $435 Million: 12 Things Not to Do If You Win

Having a $375 million lottery sounded big enough to entice lottery players, but after there were no winners of the Powerball grand prize, that has rolled up to $435 million. ...
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Powerball Lottery Jackpot Hits $375 Million: 12 Things Not to Do If You Win

June may be the start of the summer doldrums, but there is about to be some serious excitement around the lottery again. There were no jackpot winners for last Saturday's ...
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BMW China Sales Soar 39%, Passes Mercedes, Buries Cadillac and Lincoln

Germany's BMW topped its chief rivals Daimler and Volkswagen in unit sales in China for the month of April. Sales of BMW and Mini vehicles rose 39% to 48,869 in ...
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Coach Goes for Growth with Acquisition of Kate Spade

Two of the country's best-known luxury accessories brand plan to merge. Coach Inc. (NYSE: COH) has agreed to purchase Kate Spade & Co. (NYSE: KATE) in an all-cash transaction valued ...
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Is President Trump Offering Caribbean Estate For Sale?

In 2013, then-real-estate mogul, now-president, Donald Trump acquired a five-acre estate on Plum Bay Beach on the Caribbean island of St. Martin. The property was listed for $19.7 million, although ...
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M-B X-class pickup 2017

Mercedes-Benz Considers Releasing Its New Midsize Pickup in the US

Nearly two years ago, Mercedes-Benz announced that it would add a midsize pickup truck to its product line, but that the truck was not intended for the U.S. market. The ...
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door knocker

The 25 Most Expensive Homes in America Today

Every day, there are a number of homes for sale in the United States at prices above $100 million. And there are at least 25 for sale at prices over ...
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