Luxury
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JPMorgan lets rich European clients borrow against luxury cars
The Wall Street giant’s private bank will give clients the option of borrowing against classic, rare or custom-designed automobiles [LONDON] JPMorgan Chase is expanding its lending services to the wealthy…
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2 NYC Residents Found Dead in Borgata Hotel Room: Atlantic City Luxury Break Turns Grim
A high-end getaway on the East Coast turned into a scene of horror this weekend when police discovered two bodies in a hotel room. What began as a trip to…
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TikTok Shop pushes into luxury retail with US$11,000 handbags
[LOS ANGELES] TikTok is moving into luxury retail, part of an effort to expand its TikTok Shop marketplace into a high-end shopping destination for purses and watches that can fetch…
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Builder’s Edge: Disrupting Luxury Residential Development with Technology, Systems, and Capital Alignment
For the last 30 years, Builder’s Edge, a technology-powered development partner in high-end luxury residential markets, has observed that while many industries have embraced automation, construction workflows remain heavily manual.…
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Owning luxury hotels is tough; long term rewards await patient capital
Jardine Matheson and Frasers Property could gain from hotel ownership over the long term [SINGAPORE] The prestige associated with owning luxury hotels can appeal to the vanity of the super…
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Luxury houses eye India, but barriers remain
India, with 1.4 billion people, offers “a promising market, but still a complicated one” [MUMBAI] The globe’s biggest luxury brands have dreamt of India’s vast consumer base for decades, but…
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17 exotic cars, luxury homes: First Brands’ Malaysian-born founder accused of looting US$700 million
[NEW YORK] At first, the sales invoice said US$179.84. Later, the bill said US$9,271.25 – 50 times more. It was one more trick in a series of alleged ruses –…
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Reeves Faces Backlash Over Motability Reforms and ‘Luxury Car’ Crackdown
Chancellor Rachel Reeves has set her sights on what she calls ‘unfair deals’ within the Motability scheme, launching a major reform aimed at cutting taxpayer costs and restoring what she…
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Ex-Prince Andrew Once Had 40 Sex Workers Brought to His Luxury Hotel in Thailand on Taxpayer-Funded Trip, Biographer Claims
Disgraced Prince Andrew allegedly once arranged for around 40 sex workers to be brought to his luxury hotel in Thailand during an official visit funded by taxpayers, according to claims…
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Luxury brands turn on the charm in China to kindle nascent spending recovery
Brands have flocked to Nanjing Deji Plaza, the country’s top-performing mall in 2024 with sales of 24.5 billion yuan [SHANGHAI] As Chinese shoppers dip toes back in the luxury pool,…
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Beyond Luxury: Checklist Concierge Service and Its Approach to Modern Living
Concierge services are often associated with luxury lifestyles, reserved for celebrities, high-powered executives, or the ultra-wealthy. Checklist Concierge Service, LLC notes that this perception doesn’t reflect the full picture. “For…
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Prada sales rise, boosting hopes of luxury sector recovery
Net sales rose to 4.07 billion euros (S$6.13 billion), a 6.3% increase year-on-year [MILAN] Prada sales rose in the first nine months of year as solid demand for its Miu…
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Porsche’s new CEO is a luxury leader big on hybrids
The 911 maker is preparing to launch an electric version of the Cayenne in the coming months [BERLIN] Porsche named Michael Leiters its next chief executive officer, tapping a German…
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Europe: Stocks end higher as LVMH drives luxury rally
EUROPEAN stocks closed higher on Wednesday as France’s LVMH sparked a rally in luxury goods groups and eased concerns that slowing global growth and tariffs are hurting corporate health. LVMH shares…
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LVMH surges to biggest daily jump in 20 years as China demand sparks US$80 billion luxury rally
The strong sales figures surprise investors and are expected to sustain momentum in luxury stocks [PARIS/LONDON] LVMH shares had their best day in over two decades on Wednesday (Oct 15)…
