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That said, everyone seemed to agree that the days of logo-forward purchases and other conspicuous signs of wealth are over — even on Wall Street. The industry's movers and shakers are still into name brands but are leaning into those that exude "quiet luxury." And where there are celebrities and influencers, there tend to be Wall Street dealmakers. It's not surprising that high-earners on Wall Street would have second homes (or, in many cases, multiple). The HamptonsThe beach towns of the Hamptons have long been a Wall Street favorite thanks to their proximity to Manhattan.
Persons: , Ken Griffin, David Solomon, Goldman Sachs, Stephen Schwartzman, Blackstone, Jessica Cadmus, Cadmus, Marie Kondo —, I've, I'd, Zegna, Tom Ford, Claudio Lavenia, Van, Cartier, Jeremy Moeller, Hermes, Gucci, Jeremy Strong, Armani, Max Mara, Celine, Bottega, It's, it's, Sean Zanni, Wall Streeters Organizations: Service, Goldman, JPMorgan, Business, Paris Olympics, Bloomberg, Citadel, Anadolu, Getty, Wall Street, Street, BI, Wall, HBO, Hamptons Locations: Queens, New York, New York City, Africa, Costa Rica, Bottega Veneta, Manhattan, Montauk, Nantucket, Cape Cod, East Hampton , NY, Hudson
It's a luggage maker best known for one product, a grooved aluminum suitcase with a rabid fan base. Despite this, the suitcase company (along with cashmere maker Loro Piana) continued their "excellent momentum," LVMH said. It's "another step in the fashion space," Bonnet-Masimbert said, and a hint of how the company hopes to progress in the coming years. For a company so synonymous with luggage, it was an "interesting challenge," the CEO said — one that took three years to develop. "We feel we are very legitimate in that space, and that opens a lot of future product offerings," Bonnet-Masimbert said.
Persons: , Louis Vuitton, Tiffany, Rimowa, Brittany Chang, Tumi, Vanessa Garoute, Tania Antonenkova, Martha Stewart, Piana, LVMH, Hugues Bonnet, Masimbert, Lewis Hamilton, Clive Mason, isn't, Bonnet Organizations: Service, Dior, Business, LVMH, tote Locations: Germany, China, Europe, Asia, North America
Among the dozens of sponsors of this summer’s Olympic and Paralympic Games in Paris, one will be by far the most visible and influential: LVMH, the French luxury goods conglomerate. The company has invested 150 million euros ($163 million) in the 2024 Olympic Games, a gamble for a brand that has long marketed its goods to the upper echelons of society. Louis Vuitton created the trunk that carries the Olympic torch and the medal trays for the victory ceremonies. Mr. Arnault is the chairman of Loro Piana and the oldest son of Bernard Arnault, the chairman and chief executive of LVMH. “We decided that if we were going to do it, it was going to be new.
Persons: Louis Vuitton, Chaumet, Carine Roitfeld, ” Antoine Arnault, Arnault, Loro Piana, Bernard Arnault, , Mr, Organizations: Paralympic Games, Eiffel, Games, The New York Times Locations: Paris, Marseille, LVMH
Nods to the event’s dress code, JG Ballard’s 1962 short story “The Garden of Time,” came in all forms. Wisdom Kaye's Robert Wun suit included a corsage, burnt at the edges like the lapels of his overcoat and hat. Coleman Domingo similarly finished off his billowing Willy Chavarria suit with black-rimmed eyes and a drooping bunch of wistful white lilies. Barry Keoghan's Burberry suit came with a satin necktie, top hat and three watches. Mike Coppola/MG24/Getty Images for The Met Museum/VogueAs always, a few stars miss — or dodge — the theme entirely, and menswear this year was no exception.
Persons: Gigi Hadid, Jordan Roth, Emily Ratajkowski, , Lewis Hamilton, Nicholas Galitzine, Jeremy Strong, Jonathan Bailey, Vogue, Loewe, Jonathan Bailey's peony bowtie, Aliah Anderson, , Mike Faist, Josh O’Connor, , O’Connor, clogs, Dan Levy’s, Jamie Dornan’s, Robert Wun, John Shearer, Seán McGirr, Alexander McQueen, Usher, Wisdom Kaye, Coleman Domingo, Willy Chavarria, florals, Barry Keoghan's Burberry, Taylor Hill, Jeff Goldblum, Count Axel, Gilbert Flores, Barry, Andrew Vottero, Prada, ” Goldblum, Emma Chamberlain, Hannah Bagshawe, Eddie Redmayne, Steve O Smith, Mike Coppola, Taika Waititi, Oscar Organizations: CNN, Burberry, Variety, Getty, Vogue, The Met Museum
In a 115-year-old ferry terminal in New York’s financial district, an abundance of excess now exists. Walls lined with Loro Piana cashmere, Brooklyn Bridge views, a wellness center, a jazz bar — all of it can be yours for $3,900 annually (or just $2,500, if you’re under 30). Since it opened in 2021, Casa Cipriani has become one of the city’s buzziest private clubs. No photos are allowed in the “living room” — last year, some members were reportedly ousted after guests snapped pictures of Taylor Swift with Matty Healy. And there’s a dress code — jeans are allowed, so long as they have “no rips.”
Persons: Casa Cipriani, Taylor Swift, Matty Healy Locations: New, Brooklyn
Less is more when it comes to quiet luxury, which has influenced everything from knitwear to skincare. This dupe of a Neiman Marcus throw pillow will save shoppers $120Neiman Marcus' Brera Lino Pillow. The company also sells Santal 26, a warm and musky fragrance sold as a home diffuser oil. Home Depot's frameless LED mirror. AdvertisementBed Bath & Beyond's frameless LED mirror.
Persons: , Devin Shaffer, Shaffer, Neiman Marcus, Brera Lino Pillow, Modern's, Edgar, Le Labo, Le Labo Shaffer, Le Labo's, Cade, Dupes Organizations: Service, Business, Brera, Le, Depot Locations: eau, New, Fairmont
These stylists charge thousands to help workers balance professional and casual styles. So white-collar workers in tech, law, and finance are turning to professional stylists to help them navigate their sartorial confusion. And they’re willing to shell out thousands of dollars to nail the right balance of cool and professional. Those hiring a professional stylist should be prepared to swap their $50 shirts for ones closer to the $250 range, Michelle Sterling, a professional image consultant previously told Business Insider. AdvertisementFinding the right style for your corporate jobSome white-collar stylists start by assessing their clients’ personalities before they start dressing them.
Persons: , Michelle Sterling, Brunello Cucinelli, Sterling, Peter Nguyen, Cassandra Sethi, Nate Dudek —, Ted Baker, Jacci Jaye, Jaye, Sylvie di Giusto Organizations: Service, Wall Street Journal, Consulting Locations: New York, Patagonia
Generative artificial intelligence won't take jobs from retail workers; instead, it will make them better at their jobs, Salesforce CEO Marc Benioff told attendees at the National Retail Federation's annual conference in New York last week. They're not going to need as many agents," Benioff said. The system was able to augment those agents and make them better," Benioff said. With generative AI, he added, Gucci had taken its customer service agents to "a whole other level." "They're pretty incredible people, using generative AI for the first time," Benioff said.
Persons: Marc Benioff, Benioff, NRF, John Furner, Loro Piana, Gucci —, They're, That's, bam, Gucci Organizations: Business, Walmart, LVMH, Gucci, Kering Locations: New York, Italy
But in 2024, there's a new idea taking hold that overtly rejects the urge to overspend and promotes speaking up about saving money — welcome to the era of "loud budgeting." What is loud budgeting? TikTok's loud budgeting trend encourages consumers to take control of their finances and be vocal about making money-conscious decisions, rather than modeling purchase decisions after celebrities and their bottomless pockets — and financial experts love it. In that way, loud budgeting is "it's almost more chic, more stylish, more of a flex." How to jump on the loud budgeting trend
Persons: there's, Joe, Lukas Battle's, Erica Sandberg, Sandberg, SoFi, Allison Bornstein, bougie, isn't, Yuval Shuminer, Shuminer Organizations: Facebook, Finance Locations: Europe
"They want to be comfortable everywhere," an interior designer told Sotheby's of his luxury clients. Folks want to be at ease in 2024, according to Sotheby's luxury outlook for the year ahead , and no one has more spending power to make that a decadent reality in their homes than the wealthiest among us. Actor David Harbour showed Architectural Digest his Brooklyn backyard sauna and cold plunge pools, by New York-based modular sauna company Swelter House, in February 2023. "I got really into sauna and cold plunge, like, three years ago," he said, standing in the doorway of the Finnish-style sauna. Eklund's own home in Beverly Hills, California has an infrared sauna and a cold plunge pool, though, he told BI, he's "not the average buyer."
Persons: Sotheby's, , Loro Piana, Kendall Roy, Robert Stilin, Stilin, Michael Gabellini, Gabellini Shephard, Kendall Jenner, Kardashian, Fredrik Eklund Bravo, Fredrik Eklund, John Gomes, David Harbour, Eklund, luxuriating, Liliya Krueger, Jenner Organizations: Service Locations: Los Angeles, Brooklyn, New York, Beverly Hills , California
LVMH heir Antoine Arnault in spotlight after management shuffle
  + stars: | 2023-11-22 | by ( ) www.reuters.com   time to read: +2 min
Antoine Arnault, 46, is also in charge of image and environment at LVMH, and credited with negotiating a high-profile deal for the company to sponsor next summer's Paris Olympic Games. He will remain chairman of Berluti, which he has managed since 2012, as well as another LVMH fashion brand Loro Piana. Jean-Marc Mansvelt, CEO of historic jewellery label Chaumet, will become CEO of Berluti, while Charles Leung, CEO of jewellery label Fred, will become CEO of Chaumet. The group will seek a successor for Leung, who recently created buzz by introducing high-end jewellery featuring lab-created diamonds. Reporting by Mimosa Spencer; editing by Jason Neely and Jane MerrimanOur Standards: The Thomson Reuters Trust Principles.
Persons: Antoine Arnault, Du, Bernard Arnault, Berluti, Maison, Toni Belloni, Jean, Marc Mansvelt, Charles Leung, Leung, Bernard Arnault's, Delphine Arnault, Dior, Mimosa Spencer, Jason Neely, Jane Merriman Organizations: LVMH, Olympic, Thomson Locations: Paris, PARIS, LVMH
Allison Bornstein, author of "Wear It Well". More likely, we're encouraged to wear Loro Piana cashmere baseball hats and carry $300 Smythson notebooks like Gwyneth Paltrow in the name of "quiet luxury" and justify such expensive purchases using "girl math." "We don't need half of these things," said Allison Bornstein, a celebrity stylist and author of the new book "Wear It Well: Reclaim Your Closet and Rediscover the Joy of Getting Dressed." Actress Gwyneth Paltrow exits a courtroom in which she is accused in a lawsuit of crashing into Terry Sanderson during a 2016 family ski vacation, Park City, Utah, March 21, 2023. Rick Bowmer | Afp | Getty ImagesZoom In Icon Arrows pointing outwards Allison Bornstein's book: “Wear It Well”.
Persons: Allison Bornstein, Jennifer Trahan It's, we're, Gwyneth Paltrow, Terry Sanderson, Rick Bowmer, Allison Bornstein's, Andrea Woroch, Woroch Organizations: Starbucks, Afp, Getty, Bank Locations: Park City , Utah
He wants to turn Banana Republic into a quiet luxury brand. AdvertisementGap's new CEO wants to transform its Banana Republic brand into the next destination for quiet luxury. Dickson's plan to reverse this downward trend includes turning Banana Republic into a quiet luxury brand by elevating its aesthetic and product offerings. "We think Banana Republic has an opportunity to thrive in the quiet luxury space," Dickson said. Quiet luxury clothing and accessories are devoid of logos or prominent branding and typically come in neutral or muted colors.
Persons: Richard Dickson, , Dickson, Loro Piana Organizations: Service, Republic, Mattel, Navy, Inc, Banana Republic Locations: Banana, Banana Republic
AdvertisementAdvertisementIn her 20 years as a corporate image consultant, Michelle Sterling has styled surgeons, tech workers, executives, investment bankers, and young, aspiring executives. I wanted a more chill life so I went to San Francisco and started working for Emporio Armani again. There weren't that many stylists around, so I was serving San Francisco, New York, Chicago, Miami, Texas, Los Angeles, and Washington, DC. The client came from the Midwest to San Francisco to see me. In San Francisco, you could be wearing an $800 t-shirt and it just looks like something that's $50 or $30.
Persons: Michelle Sterling, , Emporio Armani, Sterling, he'd, I've, it's, Brunello Cucinelli Organizations: Service, Global, Group, Sterling Style Academy, Express, Armani Exchange, Wellesley College, San, San Francisco Opera, Cartier, Midwest, Porsche, Ferrari Locations: Boston, New York, San Francisco, San Francisco , New York, Chicago, Miami , Texas, Los Angeles, Washington, Beverly Hills, California, Silicon
SPRING THINGS Among the top trends from the spring 2024 fashion shows was workwear-inspired fashion, like the outfits above. “IT’S NICE to feel calm sometimes,” said Luke Meier who, along with his wife, Lucie, designs Jil Sander. Their sterile Milan showspace had been made a sanctuary, with sunshine filtered through legions of white paper strips hung from the skylight. Guests in attendance seemed visibly soothed, as if waiting to ascend into heaven, or at least lounging in a five-star spa. This sense of ease pervaded spring’s best shows and clothes, which shirked recent seasons’ gimmicks, flash and frippery and instead brought women feel-good outfits for everyday.
Persons: , Luke Meier, Lucie, Jil Sander, Milan showspace, Ferragamo, Max Mara —, Stella McCartney, Loro Organizations: NICE, Prada Locations: Milan, New York, Bottega Veneta, Schiaparelli
[1/2] People are seen outside of the Piana Vyshnia (Drunken Cherry) chain's bar in downtown, amid Russia's attack on Ukraine, in Kyiv, Ukraine May 15, 2023. REUTERS/Valentyn Ogirenko/File Photo Acquire Licensing RightsKYIV, Oct 4 (Reuters) - Ukraine's economy is adapting well to the wartime environment following Russia's invasion and growth will continue next year, the deputy head of an International Monetary Fund mission said on Wednesday. Natan Epstein, Deputy Mission Chief for Ukraine, said domestic demand and strong private consumption were driving the activities. In June, the IMF forecast Ukraine's gross domestic product growth would be within a range of 1% to 3% this year. Ukraine's economy has been hit hard since Russia launched its full-scale invasion in February 2022, and the government has relied heavily on Western aid to finance social and humanitarian payments.
Persons: Cherry, Valentyn, Natan Epstein, Epstein, Olena Harmash, Timothy Organizations: REUTERS, Rights, International Monetary Fund, IMF, Fund, Timothy Heritage, Thomson Locations: Ukraine, Kyiv, Russia
The residency was born from a similar impulse to share his passions. He wanted to introduce his community to the pleasures he had found in Italy — a country, he says, “that offers so much in terms of rest.” Each year, a different fashion brand sponsors the program, an arrangement Anderson worked hard to establish in the wake of the Black Lives Matter protests of 2020. “I was sending out tons and tons and tons of emails,” he says, appealing to companies that had pledged to support the Black community. “I wanted to work with a brand that aligned with what I believe in.” The first two seasons were sponsored by Bulgari and Loro Piana, respectively; this year, the supporting brand contributed as a silent partner.
Persons: Anderson, , , Loro Piana Organizations: Bulgari Locations: Italy —,
Brunello Cucinelli, the poster child of the "quiet luxury" movement, is booming. "Quiet luxury" has been dominating the fashion world and shows no signs of losing steam. It's about quiet luxury. AdvertisementAdvertisementQuiet luxury or "stealth wealth" has been a leading movement, and trend, in fashion this year. In China, quiet luxury has taken on new meaning, experts say, to become a status symbol for the ultra-rich.
Persons: Brunello Cucinelli, Tom Ford, Lorna Hall, Amrita Banta Organizations: Service, Research, Strategy Locations: Wall, Silicon, Brunello, China
And rich Chinese people are leaning in, ditching "logo hunting" in favor of elegance, experts say. In a similar vein to the US and Europe – the "quiet luxury" aesthetic has emerged as a reaction to the economic climate. Chinese social media's got quiet luxury down to a sciencePeople have posted tutorials and photos on the “laoqian” style on China’s Pinterest-like site, Xiaohongshu. XiaohongshuTo be sure, there's being rich and looking rich, and the latter is where it's at on Chinese social media. WeiboSome influencers have also uploaded video tutorials on the "laoqian" style, to guide people on how best to dress for success.
Persons: that's, Dior, Gucci, Louis, Rich, Tom Wambsgan, Chukrut, you've, Javier Gonzalez Lastra, it's, Xi Jinping's, Milton Pedraza, Pedraza, media's, you'll, Richemont, Louis Vuittons, Thomaï Serdari, Joe, they're Organizations: Service, Bain, Co's, Burberry, Louis Vuitton, Getty, West, Ivy League, China Morning Post, Crazy, Luxury Institute, Twitter, NYU's Stern School of Business Locations: China, Wall, Silicon, America, bucketloads, Shanghai, Europe, Tema, Nanjing, Nikada, Beijing, Weibo
Lauren Sanchez, Jeff Bezos' fiancee, has traded in quiet luxury for "loud luxury." Sanchez's vacation style has included vibrant colors, loud patterns, and flashy sequined ensembles. Sanchez and Bezos have been galavanting across Europe this summer aboard the Amazon founder's $500 million megayacht, and Sanchez has packed a variety of 'loud luxury' pieces. Instead of donning neutral color palettes and label-less attire, two crucial components of quiet luxury dressing, Sanchez's summer Yacht style has included an array of colorful and flashy ensembles that broadcast brand names. Another white dress she wore in Spain was entirely encrusted in pearls, writes the Daily Mail.
Persons: Lauren Sanchez, Jeff Bezos, Sanchez, Pucci, Piana, Kendall, Louis Vuitton, logoed Chanel, Daniela Gregis, Mimi Liberté Organizations: Service, Daily Mail, Daily, GQ, Wall Street Locations: Europe, Wall, Silicon, Saint, Portofino, Ibiza, Spain
[1/3] A general view after a series of explosions at grain silos owned by agro-industrial cooperative C. Vale, in the city of Palotina, Parana State, Brazil, July 27, 2023. Brazil's Parana Firefighters/Handout via REUTERSSAO PAULO, July 27 (Reuters) - At least eight people have died, one was missing and nearly a dozen others wounded after a grain silo explosion on Wednesday at an agricultural co-operative in southern Brazil, the government of Parana state said on Thursday. The blast occurred at the C.Vale co-operative in the small town of Palotina, about 600 km (370 miles) from the state's capital Curitiba. Experts say grain dust particles are highly combustible and can cause fires or explosions in confined spaces such as grain storage facilities. Fire Department Official Manoel Vasco said dogs were helping in the search of the missing worker potentially trapped under a pile of grains.
Persons: C.Vale, Jose Ricken, Ricken, Manoel Vasco, Carlos Favaro, Luiz Inacio Lula da Silva, Darci Piana, Leonardo Benassatto, Ana Mano, Gabriel Araujo, Christina Fincher, Bernadette Baum, Alison Williams Organizations: Vale, Brazil's, Brazil's Parana Firefighters, REUTERS SAO PAULO, Fire, Agriculture, Thomson Locations: Palotina, Parana State, Brazil, Brazil's Parana, Parana, Curitiba . Parana, Paraguay
Quiet luxury is trending among the ultrawealthy. These subtle displays of wealth come in all shapes, The New York Times reported in a recent piece. According to a recent article in the New York Times, when quiet luxury, or stealth wealth, is done well, "wealth display is noticeable, but only to those who know what they're looking for." From $530 hand-embroidered placemats and napkins to $15,000 coffee makers, here's what to look for. Read more of The New York Times article here.
Persons: Prada, Kendall Roy's, Lomax, Read Organizations: New York Times, Service, Forbes Locations: Wall, Silicon
What’s the Status of Flaunting Your Status?
  + stars: | 2023-07-22 | by ( Guy Trebay | ) www.nytimes.com   time to read: +2 min
“We are collectively spending more time checking out what the rich and famous are doing and less time on what Barry from H.R. and Sandra from accounting were up to last weekend,” said Nicholas Bloom, the William D. Eberle professor of economics at Stanford. “Wealth porn,” Stellene Volandes, editor in chief of Town & Country, termed such postings. And as with any permutation of adult entertainment, it’s free online: Anyone can watch. Yet their excesses were noted by a relative few.
Persons: , , William Norwich, The New York Post’s, Hermès Birkin, Barry, Sandra, Nicholas Bloom, William D, Eberle, Karlie Kloss, Josh Kushner —, Slack, Kloss, hoi, Kushner, David Geffen’s humongous, Stellene Volandes, predacious, tycoons, Lacroix Organizations: The New, Stanford, Spotify, Town, Reagan, Metropolitan Museum of Art’s, New York Times Locations: The New York, facto, Calabasas, H.R, Grenadines
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Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/mens-accessories-dunhill-loro-piana-gucci-dior-86506538
Persons: Dow Jones Organizations: dior
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