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☆ Milan’s Via Monte Napoleone is now the world’s most expensive shopping street
▼ + stars: | 2024-11-20 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Milan’s Via Monte Napoleone has beat out New York’s Fifth Avenue to become the world’s most expensive shopping street, marking the first time a European city has topped the rankings. The Gucci store on Fifth Avenue in New York City, seen in March 2024. In April, Gucci parent Kering paid €1.3 billion ($1.4 billion) to acquire a building on Via Monte Napoleone from a subsidiary of Blackstone. The world’s 10 most expensive shopping locations, by rent per square foot, according to Cushman & Wakefield:1. Via Monte Napoleone, Milan2.

Persons: Thomas Casolo, ”, Gucci, Michael M, Robert Travers, Kering, Blackstone . Chanel, Versace, Cartier, Celine Organizations: London CNN, New, Cushman &, Bond, Hong, Cushman, Wakefield’s, Italy, CNN, Via, Blackstone ., Henley & Partners, Cushman & Wakefield, New Bond, Tsui, Pitt, Mall Locations: Napoleone, Cushman & Wakefield, Paris, New York City, Europe, East, Africa, Via Monte Napoleone, Bottega, Milan, New York, London, Hong Kong, Ginza, Tokyo, Bahnhoftstrasse, Zurich, Sydney, Myeongdong, Seoul, Kohlmarkt, Vienna

☆ Richemont results miss expectations, hit by weaker China demand
▼ + stars: | 2024-11-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRichemont results miss expectations, hit by weaker China demandCartier-owner Richemont saw its earnings results hit by China and a fall in demand for luxury watches.

Persons: Cartier, Richemont Locations: China

☆ Nissan is slashing 9,000 jobs after a dire financial performance
▼ + stars: | 2024-11-07 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Nissan is cutting 9,000 jobs globally to reduce costs, the company said Thursday. Nissan will cut production capacity by 20% and executives will take pay cuts. AdvertisementNissan is cutting 9,000 jobs globally in an effort to cut costs, the Japanese automobile giant said in an earnings statement on Thursday. Nissan said that sales volumes decreased year-on-year to 1.6 million cars, hurt by higher selling and production costs, particularly from the US. Along with the layoffs, Nissan is cutting production capacity by 20%.

Persons: —, Makoto Uchida, Guillaume Cartier, Carlos Ghosn Organizations: Nissan, Service, Automotive News, Automotive Locations: Africa, Middle East, India, Europe, Oceania, China, North America, Japan, Lebanon

☆ LVMH had a rough week. That's a bad sign for the luxury sector.
▼ + stars: | 2024-10-19 | by ( Madeline Berg | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . LVMH, the largest of the luxury conglomerates, announced its third-quarter earnings this week, and the results were grim. AdvertisementWhile personal luxury sales in China grew by more than 37% each year from 2019 through 2021, that annual growth is not expected to hit more than 4.2% through 2028, according to EMARKETER data. AdvertisementEMARKETER's Canaves pointed to the collaborations and moves toward streetwear that helped some brands emerge from the last luxury slump. Of course, any expansion into new categories should not take attention from handbags and clothing, the revenue drivers of luxury brands.

Persons: LVMH, —, Louis Vuitton, Salvatore Ferragamo, Goldman Sachs, Gucci, Hermès, Jean, Jacques Guiony, Adam Cochrane, Chanel, Canaves, Guiony, Birkin, Deutsche Bank's Cochrane, Cartier, Brunello Cucinelli, Rambourg, Louis Organizations: Service, Revenue, Louis, Burberry, Business, Deutsche Bank, Gucci, Deutsche Bank's, Chez Locations: China, Asia, Japan, COVID, streetwear, Paris

☆ Taylor Swift brought luxury fashion to Monday night football in an outfit that cost over $51,000
▼ + stars: | 2024-10-08 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

On Monday, Taylor Swift attended the Chiefs game in a plaid set from Vivienne Westwood. AdvertisementTaylor Swift attended her third football game of the 2024-2025 NFL season in style. Swift attended the game wearing head-to-toe Vivienne Westwood, continuing her streak of bringing high-end fashion to football. Taylor Swift attended the Chiefs game in October. Taylor Swift wore several jewelry pieces to the game.

Persons: Taylor Swift, Vivienne Westwood, Travis Kelce's, —, Swift, Kansas City Chiefs —, Travis Kelce —, David Eulitt, Vivienne Westwood's, Grace Boots, Loewe, Travis Kelce, Grace Bas, Kelce, William Purnell, Jacquie, Kate Smooth, Effy, Jamie Squire, Aliett Buttelman Organizations: Chiefs, Service, Arrowhead, Kansas City Chiefs, New, New Orleans Saints, Kelce's, Grace, Cartier Locations: New Orleans

☆ Dior and Gucci owners suffer $14 billion wealth crash as luxury stocks slide
▼ + stars: | 2024-10-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The ultra-rich owners of the world's leading luxury brands took a hit to their fortunes on Tuesday. LVMH shares fell as much as 7% in Paris on Tuesday, slashing the value of his stake by about $13 billion, before paring their decline to 3%. Arnault ranked as the world's fourth-richest person with a $197 billion net worth at Monday's market close, per the Bloomberg Billionaires Index. Pinault was 83rd in the wealth rankings with a $24 billion fortune at Monday's close, down more than $11 billion this year. For example, the Dumas family owes most of its estimated $150 billion fortune to Hermès stock, which slid 3% on Tuesday.

Persons: Bernard Arnault, —, LVMH Moët Hennessy Louis Vuitton, Dior, Arnault, François Pinault, Gucci, Kering, Pinault, Dumas, Johann Rupert's, Cartier, Piaget, Remo Ruffini isn't, Forbes, Chanel isn't, Alain, Gérard Wertheimer, they're Organizations: Service, Bloomberg Locations: LVMH, Paris, China, Monday's

☆ Duchess Meghan’s striking red gown worn on Saturday isn’t entirely new
▼ + stars: | 2024-10-07 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

There’s not much that is relatable about Meghan, Duchess of Sussex: from her rise to British royal notoriety to her achingly aspirational lifestyle brand, American Riviera Orchard. But on Saturday, a rare opportunity for connection presented itself when Meghan arrived at the Children’s Hospital Los Angeles 2024 Gala in a red Carolina Herrera dress she had previously worn in 2021. Meghan wore a tailored version of her Carolina Herrera dress to the 2024 Children's Hospital Los Angeles (CHLA). CraSH/imageSPACE/Sipa USAMeghan first wore the gown to the Annual Salute To Freedom Gala on November 10, 2021 in New York City. Her red tailored Carolina Herrera dress and tousled hair epitomizes a more easy going approach to evening wear (when compared to her life as a working royal, of course).

Persons: There’s, Meghan, Duchess of, Carolina Herrera, Cate Blanchett, Gwyneth Paltrow, Billie Eilish, ’, Theo Wargo, Meghan —, Prince Harry, —, Cartier, Giuseppe Zanotti, ” Meghan, ”, “ I’m Organizations: CNN, Children’s Hospital, Los Angeles, Invictus, LA Children’s, Magazine, CNN’s Royal Locations: Duchess of Sussex, Children’s Hospital Los, Carolina, New York, New York City, Germany, Nigeria, Colombia

☆ What screams 'status' on Wall Street? Here's how the movers and shakers of finance are spending their money.
▼ + stars: | 2024-10-02 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +14 min

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

☆ Luxury stocks have gotten a huge boost from China's stimulus this week
▼ + stars: | 2024-09-27 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

European luxury stocks have struggled this year amid weak Chinese demand. AdvertisementEuropean luxury stocks rallied sharply this week as a wave of Chinese stimulus measures spurred hopes of more spending. On Monday, the day before the stimulus measures were announced, Bank of America analysts cut their price objectives on luxury stocks by an average of around 20%. They also downgraded four luxury stocks to neutral, and another from neutral to underperform — leaving just three luxury stocks at buy ratings. Now, it seems investors are banking on the stimulus measures to bring luxury spending back to the country.

Persons: Cartier, —, Burberry, Hugo Boss Organizations: Hermes, Service, Bank of America Locations: China, EU, Japan

☆ Anna Sawai and ‘Shōgun’ cast led the Emmys — and its red carpet
▼ + stars: | 2024-09-16 | by ( Oscar Holland | ) edition.cnn.com time to read: +3 min

And on the red carpet outside LA’s Peacock Theater, the show’s cast and crew (and their significant others) produced some of the evening’s most eye-catching fashion, too. But it was his actress wife Kurumi Nakata who wowed the red carpet in a kimono featuring gold detailing worthy of a historical Japanese painting. Moeka Hoshi wore a chiffon Miu Miu gown. Amy Sussman/Getty ImagesBeyond the main cast, actor Moeka Hoshi, who has a recurring role in the series, impressed in a look by Miu Miu, the sister label to luxury giant Prada. "Shōgun" creators Justin Marks and Rachel Kondo pose on the red carpet.

Persons: CNN —, ”, Anna Sawai, Vera Wang, Cartier, Sawai, Lady Mariko, Karla Welch, “, ” Welch, Vogue, ” Hiroyuki Sanada, Gilbert Flores, Tadanobu Asano, Kurumi Nakata, Danny Moloshok, Hiroyuki Sanada, Yoshii Toranaga, Moeka Hoshi, Miu Miu, Amy Sussman, Yuko Miyamoto, Yuka Kouri, Yuka Kouri's, Jae C, Yuko, Kevin Mazur, Rachel Kondo, Justin Marks —, James Clavell’s, Christopher John Rogers, Justin Marks, Frazer Harrison, Shōgun ” Organizations: CNN, Dior, Variety, Golden Globe

☆ These mid-tier brands are winning in fashion while luxury struggles
▼ + stars: | 2024-09-12 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Read previewTanking share prices, excess stock flooding outlets, a slowdown in once-reliable China: 2024 has been a tough year for luxury brands. AdvertisementTo find relief from high luxury prices, those consumers are turning to midlevel brands like clothing store Zara and jewelry brand Pandora, which are thriving. "It is acceptable for people to buy accessories with luxury brands and then buy apparel at Zara." Advertisement"With these other product ranges apart from charms, they think they are benefiting from the downtrading of consumers," Sokolova said. The trick for both Zara and Pandora will be maintaining their appeal when aspirational consumers can once again spend on luxury.

Persons: —, Gucci, Claire Tassin, Tassin, Levato, Kering, Louis Vuitton, LVMH, TK, Jelena Sokolova, Michael Kors, Zara, Pandora, it's, Sokolova, It's, Pamela Anderson, Tiffany Organizations: Service, Business, Morning, Brands, Bain & Company, Gucci, Morningstar, Cartier Locations: China, Spanish, Danish, Paris, Morocco, Portugal, Turkey, Europe, Zara

☆ Venice Film Festival red carpet showcases old Hollywood glamour
▼ + stars: | 2024-08-30 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

Some of the looks on the red carpet at the 81st Venice Film Festival could suggest the year was 1924, rather than 2024. Since the 11 day event began on August 28, attendees have given elegant nods to old Hollywood glamour: from time-honored dress silhouettes to vintage-inspired accessories. Taylor Russell floated across the carpet in a pale yellow silk crepon dress with a matching scarf attached to the train. Stefania D'Alessandro/WireImage/Getty ImagesChilean actor Mariana di Girolamo similarly resurrected a vintage silhouette for her Venice Film Festival appearance. The lesson is simple, and applicable to both fashion and film: Sometimes old is gold.

Persons: Tilda Swinton, Audrey Hepburn, Pablo Larrian’s “ Maria ” —, Maria Callas —, Angelina Jolie, Tamara Ralph, Jolie, Marlene Dietrich, Joan Crawford, Greta Garbo, Tamara Ralph’s, Angelina Jolie's, Gisela Schober, Taylor Russell's Loewe, Jolie wasn’t, Maria ”, Taylor Russell, Loewe, Marilyn Monroe, Monroe, Coco Chanel, Isabelle Huppert, Huppert, Cartier, Isabelle Huppert's Balenciaga, JB Lacroix, Mariana Di Girolamo, Stefania D'Alessandro, Mariana di Girolamo, ”, Di Organizations: CNN, 81st, British Vogue, Getty, Venice Locations: 81st Venice, yore, British, Chilean

☆ Gen Z Women Are Getting Into Personal Finance Tips to Invest and Save
▼ + stars: | 2024-08-12 | by ( Emilie Friedlander | ) www.businessinsider.com time to read: +13 min

These women talk openly about being rich and wanting to help other women become rich too. She also launched a platform called Treasury, which says it has helped women invest over $80 million in the stock market. "I couldn't really find anyone who was teaching money the way that I wanted to learn it," Sacks said. And it's probably getting really smart about how you save money, taking the money that you are saving and investing it and building wealth." Young women, on the other hand, are turning to more tried-and-true tactics.

Persons: Dave Ramsey, Tori Dunlap, It's, Dunlap, Dow Jones, Simran Kaur, Rachel Rodgers, Z, Kaur, Zers, Haley Sacks, Sacks, Cartier, Kylie Jenner, Suze Orman, it's, they're, Rita Soledad Fernández Paulino, Leah Sheppard, Gen Zers, —, Rita Soledad Fernández Paulino Sacks, Kyla Scanlon, Scanlon, aren't, Fernández Paulino, weren't Organizations: Economic, Institute, Washington State, Carson College of Business, GameStop, Fidelity Investments, Federal Reserve's Survey, Consumer Finances Locations: Tacoma , Washington, Dunlap, Instagram, Zealand, York, California

☆ LMVH and other global luxury brands are hurting as Chinese shoppers rein in spending
▼ + stars: | 2024-07-26 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —The value of some of the world’s best-known luxury companies is plunging as Chinese consumers pull back on spending, with even the most exclusive brands feeling the pain. The rout seems to be accelerating, with those sales tumbling 14% in the second quarter, according to results published late Tuesday. “For now, the (luxury) market remains volatile as investors reassess the once-held belief that luxury brands are a safe-haven investment, shielded from broader economic downturns,” Jochen Stanzl, chief market analyst at CMC Markets, told CNN. “The Chinese market contracted slightly; the market situation in the premium and luxury segment in China remained weak,” the company said. China’s economy grew 4.7% year-on-year in the second quarter of the year, according to official data released last week, missing economists’ expectations and marking the weakest growth since the first quarter of 2023.

Persons: Bernard Arnault’s, Louis Vuitton, Christian Dior, ” Jochen Stanzl, Richemont, Cartier, ”, Gucci, Kering, Hermes, Birkin, Olesya Dmitracova Organizations: London CNN, Prada, CMC Markets, CNN, Europe’s, Reuters, Porsche, Benz, Bain & Company Locations: Asia, Japan, China, Paris, Hong Kong, China , Hong Kong, Macao, North America, Europe, United States

☆ The luxury outlook in China just keeps getting worse
▼ + stars: | 2024-07-25 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +4 min

Consumer spending in China has been improving "more moderately than before COVID-19," Luca Solca, a luxury goods analyst at Bernstein, told Business Insider. In its most recent quarter, Burberry's Chinese sales revenue declined 21% from last year. Massive discounts and online shoppingTo try to boost sales, luxury brands have given massive discounts to Chinese consumers. Luxury goods are still popular with wealthy Chinese shoppers — just not in China. Not all luxury brands are feeling the heat in China.

Persons: —, LVMH, Jean, Jacques Guiony, Luca Solca, Bernstein, Solca, Hugo Boss, Richemont, Cartier, Versace, Marc Jacobs, Damien Yeo, Yeo, TD Cowen, Guiony, Hermès Organizations: Service, Gucci, Business, Consumer, Swatch, Asia, Brands, Balenciaga, Bloomberg, Burberry, Fitch Solutions Locations: Asia, China, China , Hong Kong, Macau, Asia Pacific, Japan

☆ The most luxurious pieces Glen Powell and Daisy Edgar-Jones have worn on their 'Twisters' press tour
▼ + stars: | 2024-07-22 | by ( Amanda Krause | ) www.businessinsider.com time to read: +1 min

Glen Powell and Daisy Edgar-Jones are turning heads with their style while promoting "Twisters." Powell has been sporting luxury accessories from Tag Heuer and Tom Ford on red carpets. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"Twisters" is having one of the most glamorous press tours of the year — and it's all thanks to Glen Powell and Daisy Edgar-Jones. This story is available exclusively to Business Insider subscribers.

Persons: Glen Powell, Daisy Edgar, Jones, Powell, Tom Ford, Cartier, — Organizations: Gucci, Service, Business

☆ It looks like the party's over for luxury goods in China
▼ + stars: | 2024-07-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Read previewHugo Boss, Burberry, Richemont, and Swatch have all called out slumping sales in China this week as consumers cut back on luxury spending. Swiss watch group Swatch said it expects the Chinese market "to remain challenging for the entire luxury goods industry until the end of the year." But much of this spending has been overseas, and sales in China have fallen for some of the world's biggest luxury brands. AdvertisementBefore the pandemic, about two-thirds of Chinese luxury spending occurred outside mainland China, plummeting to less than 10% in 2021 and 2022 because of travel restrictions, according to data from Bain. The consultancy said that this started to rebound in 2023 with the return of overseas tourism, with an estimated 30% of luxury spending taking place outside mainland China.

Persons: —, Hugo Boss, Burberry, Gerry Murphy, they've, Bain, Luca Solca, Vacheron Constantin, Marc Jacobs, Versace, Richemont Organizations: Service, Swatch, Business, Bain & Company, Richemont, Cartier, Burberry, Financial Times, Bain, Prada, The Financial Times, Luxury Summit Locations: China, Swiss, Americas, Hong Kong, Macau, Japan, South Korean, East

☆ Critics roasted LVMH for spending big on Tiffany. 4 years later, the bet doesn't look so bad.
▼ + stars: | 2024-07-06 | by ( Madeline Berg | ) www.businessinsider.com time to read: +13 min

When luxury giant LVMH shelled out $15.8 billion for storied jewelry company Tiffany in 2021, it faced outsize expectations. On the luxury resale site The RealReal, Tiffany is the most-searched jewelry brand of 2024 so far. Meanwhile at Tiffany, LVMH is using a team of Cartier veterans. Growing pains have tarnished TiffanyBut reviving a luxury brand isn't easy, and investors have been murmuring that Tiffany's turnaround hasn't met expectations. "When you go into a Tiffany store, you're going to expect to have that amazing experience in customer service."

Persons: —, Blake Lively, Gabrielle Union, Hailey, Katy Perry, Tiffany, That's, haven't, Bernard Arnault, they're, Cartier, it's, — hasn't, Arnault, Abraham Lincoln, Mary Todd, Theodore Roosevelt, LVMH, Fflur Roberts, HSBC's Rambourg, Cindy Ord, Rambourg, Bernard Arnault's baguette, Euromonitor's Roberts, Bulgari, Jelena Sokolova, Morningstar, China —, Roberts, Jeremy Moeller, Vierig, It's, Van, Taylor Swift, Chiara Battistini, " Roberts, There's, Battistini, Audrey Hepburn, — it's, LVMH's Tiffany, Hailey Bieber, Taylor Hill, Sokolova, I'm Organizations: Service, Business, LVMH's, HSBC, Bloomberg, Getty, Cartier, Fifth, Nike, McKinsey Locations: Manhattan, China, Asia, Paris, Tiffany, influencers, LVMH's

☆ Deepfake video targeting Zelensky’s wife linked to Russian disinformation campaign, CNN analysis shows
▼ + stars: | 2024-07-02 | by ( Gianluca Mezzofiore | ) edition.cnn.com time to read: +5 min

Yet, it gathered some 18 million views in 24 hours on X, where it was reposted by pro-Russian influencers. A CNN analysis shows Verite Cachee was set up recently, on June 22, 2024, and some of its pages still have prompts with AI to create fake articles at the top of the piece. They then integrate the story through social media, starting with real pro-Russian influencers who are part of their network,” he told CNN. A report by Recorded Future, a leading cybersecurity company, also identified Veritee Cachee as being part of the same disinformation network. Given the size and resources of the network, it is likely some Russian support or financing is happening, Clément Briens, a senior threat intelligence analyst at the company, told CNN.

Persons: Volodymyr Zelensky, Olena Zelenska, Clément, Bugatti, Autofficina Parigi, “, ”, deepfakes, Cachee, Darren Linvill, they’ve, Patrick Warren, Zelenska, Veritee, Zelensky, Biden, ” Briens, Emmanuel Macron Organizations: London CNN, Bugatti, Lovers Group, Group, Schumacher, Bugatti Paris, CNN, Clemson University’s, YouTube, “, Clemson, DC Weekly, NATO Locations: Paris, Russian, France, Ukraine, “, Linvill, Cartier, New York, Europe

☆ Hongkong Land plans $1 billion luxury retail destinations in financial hub
▼ + stars: | 2024-06-27 | by ( ) www.cnbc.com time to read: +1 min

Hongkong Land announced a more than $1 billion, three-year investment in ultra-luxury retail in the heart of the city's financial district on Wednesday. Hongkong Land announced a more than $1 billion, three-year investment in ultra-luxury retail in the heart of the city's financial district on Wednesday. The expansion plan comes against a backdrop of overall sliding retail and office markets in Hong Kong, where vacancy rates are at record high levels. But Hongkong Land said its "Very Important Customer" group has continued to spend more in 2023 and 2024, an average of HK$1 million ($128,080) each last year. VIC contributed around 80% of the company's luxury retail sales in Hong Kong.

Persons: Jardine Matheson, Cartier, Louis Vuitton Organizations: Hongkong Land, Hong Kong's, Tiffany, Co, Louis, HK, VIC Locations: Hong, Hong Kong

☆ I threw a $30,000 'divorce party' and tossed my wedding ring into the sea
▼ + stars: | 2024-06-27 | by ( Jane Ridley | ) www.businessinsider.com time to read: +6 min

I hadn't expected it to be so emotional, but the high point of my divorce party was taking a slingshot and launching my wedding ring into the ocean. It might have cost $30,000, but my divorce party was worth every cent. It was one of the reasons I decided to celebrate my new look and new-found freedom with the divorce party. AdvertisementPhilipp kicked off her divorce party with a boudoir shoot —and a black heart cake. As for my wedding ring — a platinum piece from Cartier that I'd bought for myself in Copenhagen for $1,000— we had a mock ceremony when I pitched it into the sea.

Persons: —, Sabrina Philipp, — clapped, Philipp, Sabrina Philipp I, Bonnie, Clyde —, Ashlee Huff, hadn't, lacy, Dom Perignon, Cartier, I'd Organizations: Service, Chicks, Business, University of Florida, Cartier Locations: Bali, Australian, Europe, Scotland, Australia, Denmark, Copenhagen, Edinburgh, New York City, Miami, Canada , California , Texas, North Carolina, Florida, Miami Beach

☆ The luxury conglomerate behind Cartier is beating LVMH at its own game
▼ + stars: | 2024-06-19 | by ( Madeline Berg | ) www.businessinsider.com time to read: +10 min

But there's another corporation beating LVMH at its own game, and you probably haven't even heard of it: Richemont. Switzerland-based Richemont, behind brands like Cartier, Van Cleef & Arpels, and Piaget, is having a moment. "All of this favors the most established brands: Cartier and Van Cleef." Driven by Richemont's top brands, Cartier and Van Cleef, sales gained 7% in the country, including Hong Kong and Macau, in Richemont's 2024 fiscal year. "If you're in a bar or restaurant, you're sitting at a distance, you can recognize the Labra pendant from Van Cleef.

Persons: —, Louis Vuitton, Bernard Arnault's, Van Cleef, Piaget, outperforming LVMH, Saint Laurent, It's, Cartier, Chiara Battistini, it's, Gucci, Arnault, Johann Rupert, Rupert, Richemont, Fflur Roberts, HSBC's Rambourg, Diana —, Tim Graham, Jelena Sokolova, Morningstar, Rambourg, Euromonitor's Roberts, Van, Keith Tsuji, Sokolova, Cleef, Nicolas Bos, — Bos, Nicholas Bos, Jared Siskin, I've, What's, JPMorgan's Battistini, Bos, Porter Organizations: Service, LVMH, Business, Cartier, Gucci, HSBC, Google, JPMorgan, Credit Suisse, Deloitte, Local, Art Basel, McKinsey, Prada Locations: Switzerland, China, Euromonitor, Hong Kong, Macau, Art Basel Hong Kong, Asia

☆ Robert Pickton: Canadian serial killer dies aged 74 after prison assault
▼ + stars: | 2024-06-01 | by ( Amarachi Orie | ) edition.cnn.com time to read: +2 min

CNN —Canadian serial killer Robert Pickton - who was convicted of killing six women and confessed to killing dozens more - died after being attacked earlier this month by another inmate, prison authorities said. Pickton is one of the most notorious serial killers in Canadian history, bringing his victims to his pig farm and feeding their remains to his animals. Pickton had been operating a pig farm in the nearby city of Port Coquitlam, where police found the remains of 33 women. However, Pickton confessed to murdering 49 women when talking to an undercover police officer in a jail cell. The case became the largest serial killer investigation in Canada’s history and Pickton’s pig farm became the largest crime scene in Canadian history, with investigators taking 200,000 DNA samples.

Persons: Robert Pickton, Pickton, Pickton’s, “, Cynthia Cardinal, Georgina Papin, Michele Pineault, Stephanie Lane, ” Organizations: CNN, Cartier, Correctional Service Canada, CSC, Canadian, Globe Locations: Canadian, Canada’s Quebec, Downtown Eastside, British Colombia, Port Coquitlam, British Columbia

☆ Shares of Cartier owner Richemont climb 6% on record full-year sales, new CEO
▼ + stars: | 2024-05-17 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Shoppers line up to enter a Cartier store, a unit of Cie. Financiere Richemont SA, on Canton Road in the Tsim Sha Tsui area of Hong Kong. Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after the company reported record full-year sales, even as Asia-Pacific spending waned. The Cartier owner said group sales rose 3% at actual exchange rates to an all-time high of 20.6 billion euros ($22.38 billion) in the financial year ending in March, despite a weakening outlook for luxury brands. Fiscal fourth-quarter sales fell 1% to 4.8 billion euros at actual rates, driven by a slowdown in Asia-Pacific. In a separate statement, the company announced Nicolas Bos, CEO of Van Cleef & Arpels, as its new group CEO, effective June 1.

Persons: Financiere, Cartier, Johann Rupert, Nicolas Bos, Van Cleef Organizations: Cartier, Cie, Financiere Richemont SA Locations: Canton, Tsui, Hong Kong, Asia, Pacific, London, Asia Pacific

☆ RFK Jr. running mate Shanahan says campaign supports abortion limits ‘between 15 and 18 weeks’
▼ + stars: | 2024-05-16 | by ( Aaron Pellish | ) edition.cnn.com time to read: +5 min

CNN —Robert F. Kennedy Jr.’s running mate, Nicole Shanahan, says their campaign supports federal limits restricting abortion access “between 15 and 18 weeks” of gestation, the latest statement on the issue after the campaign walked back recent comments made by Kennedy in opposition to government limits on abortion. “The campaign stance right now is very much, you know, looking at terms and limits, and the campaign very much supports limits on abortion,” she said. Kennedy said in a podcast interview released last week that he opposes any government limits on abortion access. In the new interview, Shanahan also expressed support for individual states deciding on abortion access, echoing Kennedy’s skepticism of the federal government regulating health care. But she said she’s concerned state-level abortion restrictions could make the issue “over-politicized.”“I think that the trend towards, you know, states making these decisions is good.

Persons: Robert F, Kennedy Jr, Nicole Shanahan, Kennedy, Shanahan, Cartier, ”, Wade, – Kennedy, affirmatively, Susan B, Anthony Pro, ” Angela Stanton King, Kennedy’s, Stanton King, ” Kennedy, Roe, Lis Smith, it’s, Robert Kennedy Jr, ” Smith, Smith, “, ” Shanahan, “ Let’s, “ women’s, CNN’s Eva McKend Organizations: CNN, Democratic National Committee Locations: Roe, Alabama, North Dakota

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