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☆ Gucci owner Kering tanks 14% after Asia profit warning, dragging down Europe luxury brands
▼ + stars: | 2024-03-20 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

A Gucci store at Harbour City shopping mall, operated by Wharf Holdings Ltd., in Hong Kong, China, on Friday, June 2, 2023. Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions. Kering plunged to the bottom of the Stoxx 600 after a delayed open, dragging other European luxury lines with it. Gucci comparable revenues in the first quarter are expected to be down by nearly 20% year on year." The slowdown is expected to derive primarily from Asia — and chiefly from China, whose economy has been struggling.

Persons: Gucci, Kering, Christian Dior, Hermes, Burberry Organizations: Wharf Holdings Ltd, Gucci, Asia — Locations: Harbour City, Hong Kong, China, Asia, London, Pacific

☆ Here’s why high interest rates haven’t caused a US recession
▼ + stars: | 2024-03-19 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

America’s economy remains remarkably solid, despite the high interest rates. The Fed dramatically cut interest rates in the early days of the Covid-19 pandemic to help shore up an economy dealing with high unemployment, prompting mortgage rates to also drop in tandem. Those homeowners who locked in an affordable 3% mortgage rate, for instance, aren’t likely to trade it for anything higher. Fed officials reflected in their latest economic projections from December that they expect to cut interest rates three times this year, which would also lower mortgage rates. That all means that Americans have been well equipped to deal with the effects of high interest rates.

Persons: Jerome Powell, ” Powell, ” Dan North, Freddie Mac, ” Karen Manna, Federated Hermes, “, ”, Powell Organizations: DC CNN, Federal Reserve, Reserve, CBS, Allianz Trade, CNN, Fed, Employers, Consumer Finances, Federated Locations: Washington

☆ Flower Arrangements Are Reaching New Heights
▼ + stars: | 2024-03-15 | by ( Alice Cavanagh | ) www.nytimes.com time to read: +2 min

“I have so much admiration for florists who can make haphazard, wild arrangements,” says Miguel Yatco, 30, the floral artist behind the Brooklyn-based studio Agos Muni. If last summer saw the culmination of a trend for sprawling, low-lying floral landscapes, Yatco’s work represents an aesthetic about-face. But these works are also defined by their height, their long stems often extending above or through equally elongated vessels. Compared to the bouffant-like silhouettes of Bosschaert’s assemblages, Boutemy’s were narrow, continuing the line of the cylindrical Venetian bubble-glass vases that held them. “Rigor and clarity are the most important things,” Boutemy says, and an elongated shape means “each flower remains visible and each gives strength to another.”

Persons: florists, ”, Miguel Yatco, Agos Muni, Jacqueline Sullivan —, Thierry Boutemy, Ambrosius Bosschaert, ” Boutemy Organizations: Flemish Locations: Brooklyn, York, Paris, Brussels, Wan

☆ Teaching Kids to Count With Hermès Bags
▼ + stars: | 2024-03-08 | by ( Ruth La Ferla | ) www.nytimes.com time to read: 1 min

Are she and her co-author, Tilan Rajapakse, who together run the company Lil Spoiled Social Club, peddling questionable values to innocent tots? That could be one way of looking at it, Ms. Forster said. But, she added, “the response has been mainly positive.”The 1-2-3s book ($24) and the ABCs book ($20) are cheeky by design. As Mr. Rajapakse, also 25, said, “At the least, there’s the fun of hearing a child say, ‘G is for Gucci.’” Ms. Forster said the slim volumes, which share a lineage with others like “The Fashion Legends Alphabet,” have found an audience beyond parents and their children.

Persons: Tilan Rajapakse, Forster, Rajapakse, “, Gucci, ’ ” Ms Organizations: Social Club

☆ Paris Fashion Week: Fashion, feminism and a fake Kate Moss
▼ + stars: | 2024-03-06 | by ( Alice Pfeiffer | ) edition.cnn.com time to read: +15 min

Pascal Le Segretain/Getty ImagesEqually at Rabanne, tartan blazers were given a grungier edge with leather-trimmed sleeves and fasteners. The rise of ‘Les People’Traditionally, showing interest in celebrities (“Les people” in Parisian slang) was a big no-no amongst the proudly snobby French fashion press. For busy women, multitasking women, women who can. Pascal Le Segretain/Getty ImagesStockman-style coats in colored, patent and soft leather were everywhere at Chloé, as were thigh-high boots and wafting, chiffon dresses. Pascal Le Segretain/Getty ImagesTraditional preppy skirt suits were given an edge with "Miss Dior" emblazoned in a graffiti style scrawling.

Persons: Saint Laurent, —, Wim Wenders, “, ” Balmain’s, Ester Manas, Nina Ricci, Kate Moss, Denise Ohnona, Serre, Arnel Dela, Alessandro Vigilante, ”, Coco, Kroes, Pascal Le Segretain, Chemena, Sienna Miller, Gaby Aghion, preppy Kristin Scott Thomas, Miu Miu, Farida Khelfa, Carine, Julia Roitfeld, Victoria Beckham, Anna, Pat Cleveland, Jerry Hall, Georgia Jagger, Kiernan Shipka, Georgia May Jagger, Julien de Rosa, ’ ’, Charles de Vilmorin, Aldama, Loewe, Dior ” —, Jackie O, Salma Hayek, Kim Kardashian, Naomi Campbell, Penelope Cruz, Hari Nef, Emily Ratajkowski, Victor Aubry, Sipa, JM Haedrich, Alexandre Maras, Louise Trotter, Sophie Abriat, Valentino, Givenchy, Laurent, Demna, BFRND, scupltor, Jaanisoo, Rémy Brière, Nicolas Di Felice, Louis Sullivan, Justin Shin, McQueen, Seán, Ib Kamara’s, Nicolas Ghesquière, Louis Vuitton, Stockman, Jonas Gustavsson, Coco Chanel, Casey Cadwallader's, Albert York, Dior, Victor Virgile, Kristin Scott Thomas, Miu, Olivier Rousteing, Ik Aldama, Chloe —, Miller's, Arnold Jerocki, Filippo Fior, Gonzalo Fuentes, Thierry Chesnot, Ester Manas's Organizations: CNN, Paris, Paris CNN —, Eiffel, Saint Laurent Museum, Chloé, Victoria, Getty, Loewe, Dior, Monde, Saint Laurent, The Washington Post Locations: Paris, Trocadero, British, Deauville, Normandy, Mugler, Chloé, Georgia, AFP, Balenciaga, Chanel, Estonian, Courrèges, Dior

☆ The $40 martini is in, and it's giving loud luxury
▼ + stars: | 2024-03-01 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

The maximalist martinis encapsulate the "loud luxury." Loud luxury, in contrast to quiet luxury, is about spending a lot and owning it. "Call it loud luxury," she wrote. Loud luxury, in contrast, isn't afraid to show off. It's not necessarily the logo that makes something loud luxury, but anything that stands out and signals "this is expensive."

Persons: —, Boon, Jaya Saxena, Punch —, Kendall Roy, HBO's, Lauren Saria, Punch, Martini Organizations: Service, Ilis Locations: New York, San Francisco, San Francisco and New York, Manhattan, there's, Ilis, Miami

☆ Filigran, a French cybersecurity startup used by the FBI, just raised $16.2 million using this 12-slide pitch deck
▼ + stars: | 2024-02-29 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Filigran, a French cybersecurity startup, has raised $16.2 million in new funding. Founded in 2022, Filigran provides a series of products to help private companies and public institutions defend against threats using an open-source program. Based in Paris, Filigran's threat intelligence platform is used by Hermes, Airbus, and the FBI to help better understand security issues, which the rise of AI attacks has exacerbated, Filigran CEO Samuel Hassine told Business Insider. "Our products are all about aggregating and understanding your threat landscape, not just the technical threat but also risk analysis and cybersecurity," Hassine told BI. Check out Filigran's 12-slide Series A pitch deck below:

Persons: Hermes, Samuel Hassine, Hassine, Filigran Organizations: Airbus, FBI, Business, Moonfire Ventures, Motier Ventures Locations: Filigran, Paris, Australia, Europe

☆ Why South Korea's Japan-style measures to boost its stock market may not work
▼ + stars: | 2024-02-28 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

An inflatable bull during a ceremony marking the first day of trading of the year at the Korea Exchange (KRX) headquarters in Seoul, South Korea, Tuesday, Jan. 2, 2024. SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesSouth Korea's Japan-style measures for improving corporate governance may not be enough to boost its undervalued stock markets and tackle the so-called "Korea discount." Asia's fourth-largest economy is striving to boost stock market valuations that are considered much lower compared to peers, with analysts referring to the phenomenon as the "Korea discount." The 'chaebol' problemSouth Korean markets are made up of corporations called "chaebols," which are large family-owned global conglomerates, typically controlled by the founder's family. "The behavior that leads to South Korea's low stock prices is motivated, and therefore seeking to coax South Korean controlling families into 'being nice' to minority stockholders is unlikely to be successful," Pines said.

Persons: SeongJoon Cho, James Lim, Jonathan Pines, Federated Hermes, Daniel Tan Organizations: Korea Exchange, Bloomberg, Getty Images Bloomberg, Getty, Financial, FSC, Samsung Electronics, LG, SK, Hyundai, Dalton Investments, Japan, Korean Stock Exchange, Federated, Grasshopper Asset Management, CNBC Locations: Seoul, South Korea, Japan, Korea, Tokyo, Asia, Singapore

☆ 13 signs your Hermès bag is a fake, from a luxury reseller who's trained to spot counterfeits
▼ + stars: | 2024-02-28 | by ( Robin Madell | ) www.businessinsider.com time to read: +9 min

Alexis Clarbour has been buying and selling Hermès bags for a decade and knows how to spot a fake. I took an operations role at an e-commerce marketplace called Portero, where my passion for luxury handbags, specifically Hermès bags, began. Under a loupe, the engraving may look chiseled and not as smooth as a genuine Hermès bag. Serial codeEvery Hermès bag has a serial code inside the bag. There are no deals — if someone offers a new Hermès bag below market in the secondary market, I'd recommend staying away.

Persons: Alexis Clarbour, authenticating, It's, Chanel, reselling, Hermès, —, we've, Kelly, Birkin, they've, it's, sloppily, there's, Le Duc, Price, I'd Organizations: Madison Avenue Couture, Nasdaq, MAC, Madison Avenue, Madison Locations: New York City, Hermès

☆ South Korea needs to do more to tackle the 'Korea discount,' says financial services firm
▼ + stars: | 2024-02-27 | 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 EmailSouth Korea needs to do more to tackle the 'Korea discount,' says financial services firmJonathan Pines of Federated Hermes discusses the country's measures to reduce the "Korea discount" on stock prices, saying they "fundamentally misunderstand the incentive of those that control 80% of Korea's companies."

Persons: Jonathan Pines, Federated Hermes Organizations: Federated Locations: Korea

☆ How Hermès became the ultimate status symbol
▼ + stars: | 2024-02-24 | by ( Madeline Berg | ) www.businessinsider.com time to read: +11 min

A cashmere throw blanket splashed with the letter H. For years, Hermès' iconic products have been coveted by those in the know. Now, its shares are also hot commodities, with their performance outpacing bigger luxury brands like Louis Vuitton owner LVMH and Gucci-maker Kering. "Brand equity is much more diluted than Hermès'," Herzog said of brands like Gucci and Louis Vuitton. Hermès is 'fairly recession-proof'Keeping it simple has helped Hermès hold its own as luxury brands start to lose their shine after a multiyear spending boom. It also announced it will expand the Saint Junien facility in New Aquitaine (also France) which makes Kelly and Birkin bags.

Persons: Hermès, Louis Vuitton, LVMH, Kering's, hasn't, it's, Axel Dumas, Simeon Siegel, Siegel, Birkin, —, waitlists, Edward Berthelot, there's, Hitha Herzog, Nicole Pollard Bayme, Kelly, Versace, Herzog, Gucci, Saint Laurent, Bernstein, Luca Solca, Chanel, Solca, Winston Chesterfield, Barton, That's, Williamsburg , Brooklyn —, Axel, Pierre, Alexis Dumas —, Bernard Arnault's LVMH, Dumas, Barton's Chesterfield, They've, Cousins Axel Dumas, Alexis Dumas, Rodrigo Vaz, Thierry Hermès, they've, We're Organizations: BMO Capital Markets, Capri Holdings, North, Gucci Locations: Hermès, London, China, France, Louviers, Ardennes, New Aquitaine, Aspen , Colorado, Naples, Florida, Nanjing, Princeton , New Jersey, Williamsburg , Brooklyn

☆ How Hermes Became the Ultimate Status Symbol
▼ + stars: | 2024-02-24 | by ( Madeline Berg | ) www.businessinsider.com time to read: +11 min

Now, its shares are also hot commodities, with their performance outpacing bigger luxury brands like Louis Vuitton owner LVMH and Gucci-maker Kering. "The curse of retail is everyone chases more," Simeon Siegel, a senior retail analyst at BMO Capital Markets, told Business Insider about luxury brands. "Brand equity is much more diluted than Hermès'," Herzog said of brands like Gucci and Louis Vuitton. Hermès is 'fairly recession-proof'Keeping it simple has helped Hermès hold its own as luxury brands start to lose their shine after a multiyear spending boom. It also announced it will expand the Saint Junien facility in New Aquitaine (also France) which makes Kelly and Birkin bags.

Fran Horowitz, Abercrombie & Fitch CEO: The future of retail is small, efficient, omni stores, and they're located where the customer tells us. I get really, really excited about what this means in the operations of the business, using predictive analytics to help us forecast demand. They're worldwide, a zillion stores, and their operations and execution, aside from their merchandising, I think they're always on top of the game. I think you're going to see an interaction with someone in a setting that doesn't look like retail, but looks like a fantastic experience. Nicholas of Sam's Club: Another retail standard that is really going to be important beyond the customer is energy.

Persons: Christina Locopo, Fran Horowitz, Abercrombie, Patrick MacLeod, WWD, Michelle Gass, Levi Strauss, they're, Jens Grede, Geoffroy van Raemdonck, Neiman Marcus, there'll, Trina, Patrick T, Fallon, Chris Nicholas, Kara Trent, Levi's Gass, Tom Ward, Erin Black, CNBC Abercrombie's Horowitz, Marc Lore, Mickey Drexler, TikTok, Adam Jeffery, Dave Kimbell, It's, Scott Mlyn, CNBC Neiman's van, you've, Yael Cosset, —, Ulta's, Arturo Holmes, Trent, That's, we've, Kroger's, Abercrombie's Horowitz, I've, Dia Dipasupil, Neiman's van, who's, Lulu, Drexler, Armour's, Dior, Louis Vuitton, Hermes, Armour Levi's Gass, Emma Grede, Kardashian, Kim, Geoffroy van Raemdonck Patrick Mckleod, Nicholas of Organizations: CNBC, Abercrombie, Fitch, Abercrombie & Fitch Co, Penske Media, Getty, Milken Institute Global Conference, AFP, Sam's, Technology, Walmart U.S, Walmart, New York Times, Navy, WWD, Young, Nike, TJX, Zara, Armour's Trent, Americas, Nicholas of Sam's, Sam's Club Locations: they're, Beverly Hills , California, New York City, America, New York, U.S, Skims, Inditex, Kara, Walmart's

☆ The “Dune: Part Two” cast’s red carpet looks are out of this world
▼ + stars: | 2024-02-15 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +4 min

Doug Peters/PA Images/Alamy Images/Sipa USATimothée Chalamet in Haider Ackermann at the London premiere. Jeff Spicer/Getty ImagesLea Seydoux in an intricately-embroidered Louis Vuitton gown at the London premiere. Marc Piasecki/Getty ImagesChalamet in Prada at the Mexico City premiere on February 6. Medios y Media/Getty ImagesButler in Saint Laurent in Mexico City. Angel Delgado/Getty ImagesChalamet in Hermès at a Mexico City photocall on February 5.

Persons: ” Law Roach, Zendaya, Rick Owens, Timothée Chalamet, Alexander McQueen, Paul Atreides, Roach, Thierry, Haider Ackermann, Florence Pugh, Valentino, Lea Seydoux, Rebecca Ferguson, Louis Vuitton, Anya Taylor, Joy, Dior, Doug Peters, Chalamet, Mike Marsland, Jeff Spicer, Hannah McKay, Scott A, Thierry Mugler, Daniel Leal, Samir Hussein, Austin Butler, Gucci, Ferguson, Marc Piasecki, Geoffroy Van Der, Pugh, Butler, Angel Delgado, Jaime Nogales Organizations: CNN, Balmain, London, Getty, Reuters, Paris, Chalamet, Givenchy Haute Couture, Couture, Mexico City, photocall Locations: Mexico City, Paris, London, Fendi, Bottega Veneta, Zendaya, Roksanda, Louis, Givenchy Haute, Geoffroy Van Der Hasselt, AFP, Prada, Mexico, Saint Laurent, Hermès

☆ ‘Feud’ Style Recap: Fake Eyelashes as Armor
▼ + stars: | 2024-02-15 | by ( The Styles Desk | ) www.nytimes.com time to read: +1 min

This article contains spoilers for Episode 4 of “Feud: Capote vs. the Swans.”As the latest episode of “Feud” begins, Babe Paley (Naomi Watts) is facing radiation treatment for cancer and the terrifying possibility of her death. But she does so in a full dress and heels. At the same time, Truman Capote (Tom Hollander), who is unraveling from heavy substance abuse, tours his friends around a rehab facility, with a long scarf over his shoulder and a newsboy cap. VANESSA FRIEDMAN There were a few key moments for me in this episode. First, when Babe ties her Hermès scarf around her bag, which set off a trend that is still going on today.

Persons: ”, Babe Paley, Naomi Watts, Truman Capote, Tom Hollander, Paley, VANESSA FRIEDMAN, Babe Organizations: Swans, ”

☆ George Santos trolls the Republican representatives who supported his ouster after his vacated seat goes to a Democrat
▼ + stars: | 2024-02-14 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

Former GOP Rep. George Santos' vacated House seat was flipped to a Democrat in Tuesday's election. Santos trolled the Republican Reps who supported his ouster, blaming them for losing a GOP seat. Santos' seat will be filled by Democrat Tom Suozzi, shrinking the Republican majority in the House. Santos' former seat will be filled by Democrat Tom Suozzi, shrinking the thin Republican majority in the House. In a separate post, Santos wrote simply "-1," referring to the lost GOP seat.

Persons: George Santos, Santos trolled, Santos, Tom Suozzi, —, Suozzi, Republican Mazi Pilip, Nick LaLota, Anthony D'Esposito, LaLota Organizations: GOP, Republican, Service, Democrat, New, Hermes Locations: Tuesday's, New York, Botox

☆ The most expensive home for sale in the U.S. goes up for $295 million in Naples, Florida
▼ + stars: | 2024-02-10 | by ( Ray Parisi | ) www.cnbc.com time to read: +7 min

The most expensive home for sale in the U.S. hit the market this week for $295 million. Gordon Pointe, as it's called, is a roughly 9-acre compound in Naples, Florida, on the Gulf Coast, in an affluent enclave called Port Royal. The mega-listing includes a main house that spans about 11,500 square feet, with six bedrooms. Two guest houses, each over 5,000 square feet, bring the estate's total interior living space to 22,800 square feet. The residence sits high atop 217 West 57th Street, overlooking Central Park, spanning three floors and over 17,500 square feet.

Persons: Gordon Pointe, Leighton Candler, Corcoran, Candler, Gordon, John, Rhodora Donahue, John Donahue, Hermes, Dawn McKenna, McKenna, she's, It's, Cody Boone, Ryan Serhant, Serhant, naysayers, Donna Olshan, Karen Winnick, Gary Winnick, Kurt Rappaport, that's, Jonathan Miller, Miller Samuel, Jeff Bezos, Clodagh Kilcoyne, Ken Griffin, Larry Ellison, Marc Andreessen, Jim Bartsch, Jerry Perenchio, Miller, Lachlan Murdoch, Rupert Murdoch Organizations: Royal, CNBC, U.S . Army Corps of Engineers, Dawn McKenna Group, Coldwell, Coldwell Banker Realty, St, SERHANT Studios, Encantada, U.S, Washington , D.C, Reuters, Amazon, Oracle, Bel Air, Fox Corp Locations: Gordon Pointe, U.S, Naples , Florida, Gulf, New York, of Mexico, Pittsburgh, Port Royal, America, New York City, Central, Manhattan, Los Angeles, Bel, Washington ,

☆ The bull market has just started, says Federated Hermes' Steve Auth
▼ + stars: | 2024-02-08 | 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 EmailThe bull market has just started, says Federated Hermes' Steve AuthSteve Auth, Federated Hermes Equities CIO, joins 'The Exchange' to discuss the S&P 500′s run to 5,000, his expectations from the market, and more.

Persons: Federated Hermes, Steve Auth Steve Auth Organizations: Federated, Hermes

☆ Los Angeles Works to Build Its Dance Muscles
▼ + stars: | 2024-02-06 | by ( Robin Pogrebin | ) www.nytimes.com time to read: +1 min

Los Angeles may not be thought of as a dance town, but it has a rich legacy. It was here, in 1915, that the modern dance pioneers Ruth St. Denis and her husband Ted Shawn, established the Denishawn school and company, shaping and showcasing the first generation of American modern dancers, including Martha Graham, Doris Humphrey and Charles Weidman. Lester Horton, one of the first choreographers to insist on a racially integrated company, established the Lester Horton Dance Theater here in 1946, a pioneering stage dedicated to modern dance. But for all the talent Los Angeles has attracted over the years, and its success in founding other performing arts institutions, the city has struggled to establish lasting dance companies able to attract and maintain audiences and patronage. It has also just entered an agreement with the Wallis Annenberg Center for the Performing Arts in Beverly Hills, a larger theater, to perform there.

Persons: Ruth St, Denis, Ted Shawn, Martha Graham, Doris Humphrey, Charles Weidman, Fred Astaire, Gene Kelly, Busby Berkeley, Hermes Pan, Jack Cole, George Balanchine, Lester Horton, Benjamin Millepied Organizations: Hollywood, Lester Horton Dance, New York City Ballet, Paris Opera Ballet, Wallis Annenberg Center, Performing Arts Locations: Angeles, Beverly Hills

☆ ‘Gilmore Girls’ Is an Endless Buffet of TV Comfort Food
▼ + stars: | 2024-01-31 | by ( Melina Delkic | ) www.nytimes.com time to read: +1 min

Some things have inexplicable staying power. And for nostalgic millennials, there is “Gilmore Girls.” The show ended its seven-year run on the WB and CW networks in 2007, yet viewers keep returning to the familiar comfort of the fictional town of Stars Hollow, Conn., where the series was set. Netflix recorded 500 million viewing hours for the show from January to June of last year, surpassing hits like “Seinfeld” and “Stranger Things,” and data released on Monday by the research firm Nielsen showed that “Gilmore Girls” was among the Top 10 most-watched shows across the major streaming platforms in 2023. The show, which concluded the month before the iPhone was introduced, is even finding a younger audience on TikTok, where users post scenes they love and argue about their favorite romantic partners for every character. Yanic Truesdale, who played the grumpy inn concierge Michel, lovingly called it “the show that will never die.”

Persons: Birkin, “ Gilmore, Nielsen, ”, Yanic Truesdale, Michel Organizations: WB, CW, Netflix Locations: Stars, Conn

☆ How 'quiet luxury' is subtly taking over investor portfolios
▼ + stars: | 2024-01-30 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +4 min

So what is "quiet luxury"? Quiet Luxury's outperformance over Loud Luxury in 2023. "Hence, in 2023, quiet luxury companies notably outperformed their loud peers by 23% points. According to DBS, a company fall under its categorization of "quiet luxury" if it's understated and focused on high quality, while maintaining exclusivity and scarcity. Loud luxury not in vogue

Persons: Karin Teigl, Kelly, Baum, Jeremy Moeller, Miu Miu, Brunello, Hou Wey Fook, Hermes, LVMH Moët Hennessy Louis Vuitton, Markus Hansen, Hansen, Goldman Sachs, — Organizations: Getty, DBS Bank, Financière Richemont, Swatch Group, DBS, Richemont, Swatch, CNBC, U.S Locations: VIENNA, AUSTRIA, Asia, South Korea, Japan, India

☆ Williamsburg, Brooklyn: A Historical Timeline of the NYC Neighborhood
▼ + stars: | 2024-01-29 | by ( ) www.nytimes.com time to read: +1 min

By Steven KurutzA car is moving down Kent Avenue in Williamsburg, Brooklyn. A passenger captures the scene on video — abandoned factory buildings, vacant lots and a crumbling warehouse beneath a wintry light. Twenty-five years later, that same stretch is lined with glassy apartment towers, boutique hotels and a Trader Joe’s. Then Chanel — Chanel! This timeline charts that remarkable evolution in words and images, year by year.

Persons: Steven Kurutz, Chris Cassidy, Hermès, Chanel — Chanel, —, Betty Smith’s Organizations: Sixth Locations: Williamsburg , Brooklyn, Williamsburg, Kent, Brooklyn ”, Europe, Puerto Rican, Dominican

☆ The rental market is getting out of hand, with millions of Americans spending the majority of their paychecks on housing
▼ + stars: | 2024-01-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

In today's big story, we're looking at how much Americans spend on rent and why cheap properties are so hard to come by. And now a new Harvard study demonstrates how costly the rental market has become, Business Insider's Pete Syme writes. Harvard's Joint Center for Housing Studies estimated 12.1 million American households spend more than half their income on rent and utilities. That number grows to 22.4 million households for those spending more than 30% of their income on rent and utilities. Meanwhile, experts predict the housing market will reverse course this year as housing inventory increases and mortgage rates fall.

Persons: —, Tom Williams, Pete Syme, BI's Eliza Relman, Juliana Kaplan, There's, that's, Angela Ostafichuk, Justin Sullivan, Mario Tama, Tesla, Elon Musk, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Business, Getty, Harvard, for Housing Studies, BI, Apple, Alaska Airlines, Boeing, American Express, Hyundai, Brands, Dolce, Gabbana Locations: Capitol, Washington, That'll, New York, London

☆ 8 loud luxury items sold by designer brands that people actually buy
▼ + stars: | 2024-01-25 | by ( Maria Noyen | ) www.businessinsider.com time to read: +1 min

But not everyone is sold, as designer brands are still selling some wild, loud luxury items. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementQuiet luxury might be one of the year's biggest shopping trends, but that doesn't mean everyone is sold on it. More than a few designer brands are still marketing loud luxury items that scream, "This product is expensive," proving there are still consumers who love being bougie and aren't afraid to show it. From logo-heavy kitchenware that costs nearly $1,000 to customized paper envelopes retailing at over $100, here are eight loud luxury items from designers that people are buying.

Persons: Smeg, — Organizations: Dolce, Gabbana, Service

☆ Bobbi Brown is still living a life of luxury and lipstick — and it's all on her own terms
▼ + stars: | 2024-01-24 | by ( Amanda Krause | ) www.businessinsider.com time to read: +10 min

Bobbi Brown is a beauty icon with two major makeup brands. But through it all, Bobbi Brown has never budged from her status as a beauty icon. Bobbi Brown on set for Jones Road. It's hard to describe," Brown told BI, though she notes that "no one" does the "no-makeup" look better than her brand. According to SimilarWeb, a software company that analyzes internet traffic, the Jones Road site reached more than 850,000 visits in November 2023.

Persons: Bobbi Brown, Brown, —, Yogi Berra, Estée Lauder, freebies, Becca Cosmetics, James Charles, Ben Ritter, Jones, Cody Plofker, Plofker, There's, it's, SimilarWeb, she's, that's, Bobbi Organizations: Business, Service, Scholastic, Brands, Jones, Athletic Greens, Ikea Locations: Montclair , New Jersey, New York, Montclair, TikTok, New Jersey, London

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