Tag Archives: Luxury

Business: Inside LVMH Moët Hennessy Louis Vuitton

CNBC (May 15, 2023) – The luxury conglomerate LVMH Moët Hennessy Louis Vuitton controls 75 Maisons, or brands, including Tiffany & Co., Sephora, Dior, Givenchy and TAG Heuer. At the helm of the luxury empire is the richest person in the world,

Chapters: 0:00 – Introduction 2:20 The Rise Of Louis Vuitton 8:45 A Culture Company, Not Just Luxury 16:46 The Future Of Luxury

Bernard Arnault, whose five children all hold senior executive roles within the company. With a keen eye for luxury, ruthless negotiation skills and an effective business acumen, Arnault has acquired some of the biggest names in the world. Most recently, in 2021, the company bought Tiffany & Co. for $15.8 billion after a bitter dispute about price due to the Covid-19 pandemic, and to salvage the luxury sector’s biggest-ever deal.

Though most companies struggled during the pandemic, LVMH’s stock steadily rose while it continued to report record revenue year after year as wealthy consumers participated in what McKinsey & Co. called “revenge spending.” For the first quarter of 2023, LVMH reported a 17% increase in revenue from the same period a year earlier. The Asia market, which had seen the most significant drop due to Covid-19 closures, had a 14% rise in revenue after an 8% decrease in the fourth quarter of 2022. In April 2023, LVMH became the first European company to surpass $500 billion in market value.

Luxury Brands: ‘Why Some Watches Are So Expensive’

Expensive materials, delicate craftsmanship, and an economic principle that turns the usual equation of supply and demand on its head. WSJ explains why some watchmakers can charge hundreds of thousands of dollars for a single timepiece. Illustration: Alex Kuzoian/WSJ

Analysis: Can ‘Restoration Hardware – RH’ Become A Global Luxury Brand?

COVID-19 has dealt a harsh blow to countless retailers, many of which were already struggling. However, RH, formerly Restoration Hardware, is doing rather well. The company’s stock price had cratered in March 2020 and struggled in early April, as forced lockdowns endangered retail. But by December 2020, shares had rebounded and risen more than 110 percent since the beginning of the year. RH is now ambitiously trying to turn it into a global luxury brand providing an array of services.

New Hospitality Books: “Amerifine – Hotels: Icons Of American Luxury (2020)

The fifty independently owned and operated hotels in this book make up the best of Amerifine Icons of American Luxury - Hotels - Assouline April 2020what the United States can offer: extraordinary locations, exquisite design, fantastic food, and boundless comfort. These first-class establishments are run by American hoteliers with a passion for proper American hospitality.

Over the course of the last two centuries, the American hotel has become a fixture of the modern lifestyle and a concept that has revolutionized travel, created subcultures, and given new meaning to locales both urban and remote. A superior hotel is much more than a place to spend the night: it is an institution, a cultural center, an icon of luxury. Since the 19th-century opening of the Tremont House—America’s very first five-star hotel—the great American hotels have come to symbolized style, opulence and social distinction to well-heeled travelers from around the globe.

Amerifine Icons of American Luxury - Hotels - Assouline April 2020

Amerifine, a discerning voice of American luxury, has endeavored to curate the finest, most iconic expressions of American hospitality currently in operation. Without exception, each hotel pictured here fulfills and transcends the great responsibility of the modern hotel: to turn each visitor’s experience of their destination into something truly memorable.

Faye Mythen was born in London but lives between the USA and Europe. She is a passionate Ameriphile and founded Amerifine to promote the most ambitious and well-loved American luxury brands and hotels and experiences. Mythen’s career spans 25 years as a entrepreneur, uncovering new businesses, several of which embody America’s proud history of excellence, craftsmanship and great design.

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Housing Trends: “Empty-Nester” Boomers Are Now Downsizing To Luxury “Jewel-Box Homes” (WSJ)

From a Wall Street Journal online article:

The single-level home has high windows and travertine floors throughout. Photo by Amy MIKLER FOR THE WALL STREET JOURNAL
The single-level home has high windows and travertine floors throughout. PHOTO: AMY MIKLER FOR THE WALL STREET JOURNAL

The jewel-box home—small, but loaded with amenities and costly finishes—is luring more home buyers. An analysis by Home Innovation Research Labs, a subsidiary of the National Association of Home Builders, found that the number of new-construction luxury homes at 3,000 square feet or less has increased nearly 20% since 2013—with a corresponding decline in larger-size, high-price homes.

Changing demographics might be driving the trend. More than half of all households now consist of single people or couples, U.S. Census Bureau data shows—with traditional nuclear families accounting for just 20%.

“Empty-nesters want to downsize, but they want luxury homes not starter homes—luxury kitchens, marble surfaces, all the latest and greatest,” said Tim Costello, CEO of Builder Homesite, a consortium whose New Home Source website—an online clearing house for new-construction homes—tracks home buyers’ preferences.

To read more: https://www.wsj.com/articles/luxury-homeowners-put-a-ring-on-jewel-box-homes-11576081060