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☆ Rich tourists rejoice! Greece is finally doing something about the cruise ship problem.
▼ + stars: | 2024-06-15 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTourists headed to the expensive hotels of Mykonos and Santorini: rejoice! About 36 million people visited Greece last year, up 20.8% from 2022, according to data from the Bank of Greece. Advertisement"In Santorini, even tourists complain about the great number of tourists," Greece's ombudsman said in a report released on Thursday. In fact, Koru, the superyacht owned by Jeff Bezos, has already made its way to Greece for the summer.

Persons: —, Kyriakos Mitsotakis, Louis Vuitton, Mykonos, Georgios Hatzimanolis, Jeff Bezos Organizations: Service, Bloomberg, Business, Bank of Greece, Bank of, Greek Tourism, Louis Locations: Mykonos, Santorini, Greece, Bank of Greece, Soho

Seoul, South Korea CNN —The oldest member of the K-pop phenomenon BTS is spending his day hugging 1,000 fans, after finishing his mandatory military service in South Korea on Wednesday. Jin made his first public appearance at Seoul’s Jamsil Sports Complex this afternoon, where he is performing and meeting fans. Some BTS superfans – known as ARMY (Adorable Representative MC for Youth) – have journeyed from overseas to attend the BTS Festa event. “I wish to tell Jin if he comes to Thailand, can he hold a concert for seven days, because I love BTS so much,” Cheenchanya said. “BTS themselves pour out so much love – they put love into their music, into their personalities, their fans,” said Stoudnour.

Persons: Jin, –, Jin –, ” Cheenchanya, Holly Campbell, Ashley Stoudnour, ” Campbell, V, ”, ” Stoudnor, Anthony Wallace, Kim Yoon, jeong, Michelle Pedraza, They’ve, Louis Vuitton, Dior Organizations: South Korea CNN, Mim, CNN, BTS, Getty, Billboard Music Locations: Seoul, South Korea, Thailand, Melbourne, Australia, Florida, AFP, California

☆ BTS’ Jin discharged from army service in South Korea
▼ + stars: | 2024-06-12 | by ( Reuters | Gawon Bae | ) edition.cnn.com time to read: +2 min

CNN —Wearing a uniform and black beret, Jin, the oldest member of K-pop phenomenon BTS, was discharged from South Korea’s army on Wednesday after 18 months of duty. He is the first member of the group to wrap up the mandatory national service that put their music careers on hold. The 31-year-old appeared emotional as he hugged his colleagues at a military base in Yeoncheon, Gyeonggi province, television footage showed. “I cried during the ceremony,” Jin said later during a livestream which racked up over 3 million views on the Weverse fandom platform. Beyond music, BTS members are bankable fashion icons.

Persons: CNN —, Jin, “, ” Jin, Louis Vuitton, Angela Weiss, Suga, Jimin, Valentino, Dior, Kim Jones Organizations: CNN, BTS, Getty, White Locations: South, Yeoncheon, Gyeonggi, Seoul, South Korea

☆ Inside a 5-star hotel in Panama City's richest neighborhood, complete with 2 infinity pools and a Louis Vuitton-inspired speakeasy
▼ + stars: | 2024-06-11 | by ( Monica Humphries | ) www.businessinsider.com time to read: +1 min

I told locals I was staying at the JW Marriott, but to them, the building is better known as the Trump Ocean Club. The exterior of the JW Marriott Panama, a five-star hotel in Panama City's Punta Pacifica neighborhood. Monica Humphries/Business InsiderBefore the building was called The Ocean Club, it was the Trump Ocean Club International Hotel and Tower. In 2018, Marriott International took over management and renamed it The Ocean Club, the AP reported . Everyone I spoke with during my Panama trip knew it as the Trump building or Trump tower.

Persons: Monica Humphries, Roger Khafif, Trump Organizations: JW, Trump Ocean Club, JW Marriott, Ocean, Trump Ocean Club International, Punta Pacifica, Trump, Associated Press, NBC, Reuters, Marriott International, AP Locations: JW Marriott Panama, Panama, Punta Pacifica

☆ Starbucks' Howard Schultz talks Steve Jobs screaming at him and wishing he'd trademarked the latte in a new podcast
▼ + stars: | 2024-06-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +10 min

Starbucks didn't sell its own coffee early on"When Starbucks opened in Pike Place Market in 1971, they were using Peet's Coffee. Howard Shultz is going to acquire Starbucks Coffee Company, and he's never going to hear from you again." Together the trio made the "huge decision" to sell Starbucks coffee in Costco, which sparked a "revolt inside the halls of Starbucks," Schultz said. Related storiesThe former Starbucks CEO faced similar blowback when he agreed to let United Airlines serve his company's coffee. "We're not a beverage company serving coffee, we are a coffee company serving people.

Persons: —, Howard Schultz, Schultz, Bill Gates, Steve Jobs, Costco's, Bernard Arnault, Lavazza, I've, Samuel Stroum, it's, Howard Shultz, he's, Brian Ach, latte, Jeff Brotman, Jim Sinegal, they've, Coke, Pepsi, Steve, Justin Sullivan, Blackstone, Alexandre, Louis Vuitton, Alexandre Arnault, Donato Sardella, Louis Organizations: Service, Starbucks, Business, Pepsi, Microsoft, Starbucks Coffee Company, Costco, United Airlines, Starbucks Facebook, Staff, Getty, Tiffany's, Louis Vuitton Locations: Coke, Pike, San Francisco, Seattle, Chicago, America, Costco, Atlanta, New York, Apple's, California, Mobile, Italy, Milan

☆ A financially independent eBay seller explains how he finds profitable products, including 'home run items'
▼ + stars: | 2024-06-08 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

Reselling items on eBay can be an effective way to bring in extra cash. For Richard S., who prefers not to share his last name for privacy reasons, eBay was his ticket to financial independence. The eBay expert, who's been reselling on the platform since 2008, recommends starting by listing what you already have lying around your house. I'm buying everyday value items that everybody can afford. "If you go out there with the most amount of information and you give yourself the most amount of opportunities you will run into more of these home run items."

Persons: Richard S, who's, Richard, Ralph Lauren, I'm, Gucci, Louis Vuitton, Roger Federer, Rafael Nadal, that's, He's Organizations: Service, eBay, Technsports, Business, Nike, Louis Locations: Germany

☆ Louis Vuitton: The Olympics embody our ‘DNA’
▼ + stars: | 2024-06-07 | by ( Issy Ronald | ) edition.cnn.com time to read: +4 min

And at next month’s upcoming Games, Louis Vuitton are hoping they too will become a hallmark of the same grand occasion. The Olympic and Paralympic medals will be housed in a Louis Vuitton trunk. Annie Leibovitz/Courtesy Louis VuittonLVMH – the luxury conglomerate that owns Louis Vuitton – spent €150 million ($163 million) on its sponsorship deal with the Olympics, Vogue reported citing sources, though calculating the precise returns on this investment is “difficult,” said Beccari. “We are very close to sport,” Beccari said, recalling the slogan “Victory travels in Louis Vuitton,” the fashion house used when one of its trunks housed the FIFA World Cup in 2010. From Louis VuittonWhile Louis Vuitton posted record profits last year and LVMH outperformed other luxury brands, the current economic environment with rising inflation leaving consumers with less disposable income poses challenges ahead, though Beccari downplayed such difficulties.

Persons: Louis Vuitton, Vuitton, —, Enzo Lefort, Léon Marchand, Pauline Déroulède, Marie Patouillet —, Stephanie Lecocq, Pietro Beccari, “, ” Beccari, ”, Roger Federer, Rafael Nadal, Louis Vuitton's, Annie Leibovitz, Louis Vuitton –, Louis, CNN “, Federer, Nadal, They’re, LVMH, Beccari Organizations: Paris CNN, Olympic, Paralympic Games, Seven, CNN, de Monaco, Louis, Olympics, Vogue, FIFA Locations: France, Louis, Paris, French, Europe

☆ Before the Olympics, the Fabulous French Fashion Flex
▼ + stars: | 2024-06-07 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +2 min

When is a fashion show not just a fashion show? Indeed, the front-row stars are as much an attention-grabbing part of the shows as the shows themselves. In a world of fashion micro-trends, that may be the biggest trend of all. This was especially true this season, as the shows of the five big heritage French brands — Chanel, Louis Vuitton, Hermès, Dior and Balenciaga — served as de facto calling cards for the Paris Olympics, which is being touted as the most “fashion” Olympics ever. It is no coincidence that two of those brands, Louis Vuitton and Dior, are owned by LVMH, which is a top-line sponsor of the Olympics.

Persons: — Chanel, Louis Vuitton, Hermès, Dior, Balenciaga —, Bernard Arnault, Balenciaga Organizations: Paris Olympics, Dior, LVMH, Hermès Locations: China, France

☆ American shoppers are tired. These companies are benefiting
▼ + stars: | 2024-06-02 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Just ask Ross Stores: America’s largest off-price retailer reported earnings and revenue that beat analysts’ forecasts last week. The US Labor Department releases April figures on job openings, quits, hires and layoffs. The US Commerce Department releases April figures on new orders for manufactured goods. The US Commerce Department releases April data on exports and imports. Friday: The US Labor Department releases May data gauging the state of the job market, including monthly payroll growth, wage gains and the unemployment rate.

Persons: Ross, “, ” Adam Orvos, ” TJX, TJ Maxx, LVMH Moët Hennessy Louis Vuitton, ” Clayton Allison, Allison, ” Allison, Brown Forman, Campbell Organizations: CNN Business, Bell, Washington CNN, Companies, Ross Stores, Marshalls, Burberry, Prime Capital Investment Advisors, CNN, Walmart, P Global, Institute for Supply Management, CrowdStrike, Hewlett Packard Enterprise, Body, US Labor Department, US Commerce Department, Bank of Canada, Autodesk, Smucker, DocuSign, Vail Resorts, European Central Bank Locations: Washington, North America, Europe, Australia, Americas, Zumiez

☆ Rare Hermès Birkin Bags Are up for Auction and May Fetch Over $100,000
▼ + stars: | 2024-06-01 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Read previewIf you're in the market for a Hermès bag that doubles as a doll house, you're in luck — as long as you have $100,000 or so to spare. A new Birkin bag starts at about $10,000 and can cost well into the six figures depending on material, size, and rarity. Since 2022, Hermès bags sold at Christie's auctions have gone for an average of 141% of the lowest estimated price, Christie's said. "Hermès Birkin and Kelly bags, especially the Faubourg bag, for example, are iconic symbols of luxury and status, coveted by collectors worldwide." Courtesy of Christie'sAs the auction demonstrates, luxury handbags — particularly those made by tightly controlled brands like Hermès — are increasingly worthy investments.

Persons: —, Christie's, Birkin —, handmake, Hitha Herzog, Hermès, Faubourg Birkin, Birkin, Nicole Pollard Bayme, Hermès Birkin, Kelly, Chanel, Alexis Clarbour, Louis Vuitton, Yayoi, Dior, Loewe, Roger Vivier Organizations: Service, Business, Rue du Faubourg Saint, Deloitte, Credit Suisse, Madison Avenue Couture Locations: Birkins, Rue, Paris, retails

☆ China's gold rush shows the Chinese still have money to spend — they're just not into Starbucks or Gucci
▼ + stars: | 2024-05-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

It also reflects that there's money in the system — but Chinese consumers are just really not that keen on dropping their hard-earned cash at Starbucks or Gucci. China's demand for gold jewelry softened in the first quarter of this year due to the surge in gold prices but was still holding up well, according to the council. Gen Z Chinese consumers ditch luxury for goldUnlike the rush into gold assets, Chinese consumers are not running out to buy even more stuff, particularly foreign imports. China's savings rate was around 32% last year — compared to around 4% in the US, according to a McKinsey analysis of official data. "Chinese households are increasingly confronted by the weak long-term Chinese growth outlook and the slumping prices in China's residential real estate market," said Biswas.

Persons: —, Rajiv Biswas, Gen, LVMH Moët Hennessy Louis Vuitton, Gucci, Yves Saint Laurent, Laxman Narasimhan, Nomura, Lynn Song, Jean, Jacques Guiony, Biswas, McKinsey Organizations: Service, Gucci, Business, World Gold, Bloomberg, Starbucks, Huawei, Nomura, ING, McKinsey Locations: Japan, China, American, Greater China

☆ After losing his job 15 years ago, a single dad started flipping cellphones on eBay. He turned the hustle into a six-figure monthly reselling business and plans to retire at 40.
▼ + stars: | 2024-05-27 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

AdvertisementPivoting from reselling electronics to clothingWhile Richard was making enough reselling electronics to scrape by, "the cash flow was very tight." AdvertisementStill, he called his eBay store Technsports. "You have to put up great items with a great listing, and eBay and the customers will reward you." "I will always have an eBay store. He also plans to grow the YouTube channel he started in 2023 to help other people make money selling on eBay.

Persons: —, Richard S, Richard, I've, It's, Ralph Lauren, Gucci, I'm, Louis Vuitton, Richard's, Technsports, he's Organizations: Service, Circuit, Business, eBay, Craigslist, Sidekicks, Buffalo Bills, Salvation Army, Nike, Louis, BI Locations: Ft, Lauderdale, Coral Springs

☆ Tennis has a hot summer coming, fueled by Zendaya, ‘Challengers’ and luxury sponsors
▼ + stars: | 2024-05-26 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +11 min

Elsa/Getty Images“We say no a lot,” admits Evan Zeder, director of global sports marketing for New Balance’s tennis and baseball units. Lacoste, the French luxury brand, was born with tennis in mind since its start in 1933. Lacoste’s polo shirts have become a major part of the “tennis aesthetic,” or the luxury athleticism #tenniscore trending on social media. Alcohol brands trying to crack the US market see the growing popularity of tennis as an opportunity to introduce themselves to drinkers. Dobel became the US Open’s official tequila sponsor last year, bringing alongs its Ace Paloma cocktail that it sells at other tennis tournaments it sponsors.

Persons: New York CNN — It’s, ”, Louis Vuitton, Loewe, Serena Williams, they’re, Bob Lynch, ” Lynch, Roger Federer, Anne Hathaway, Roland Garros, Rafael Nadal, Christophe Petit Tesson, Novak Djokovic, Williams, Naomi Osaka, Carlos Alcaraz, Iga Świątek, Coco Gauff, “, outfitter, Gauff, she’s, Aryna, Elsa, Evan Zeder, Tommy Paul, it’s “, Lacoste, René Lacoste, “ Lacoste, Catherine Spindler, Djokovic, Daniil Medvedev, ” Novak Djokovic, Mike Stobe, ” Zendaya, ” Spindler, Maestro Dobel, Dobel, Paloma, Lander Otegui, Otegui, ” Otegui, Charlize Theron, Arthur Ashe, Katie Holmes, “ It’s, it’s Organizations: New, New York CNN, luxe, Vogue, ESPN, ABC, Tennis, United States Tennis Association, Brands, MLB, MLS, NBA, Tennis Channel, Netflix, CNN, YouTube, That’s, Wimbledon, Microsoft, Nike, Adidas, Lacoste, Australian, US, USTA Locations: New York, “, Swiss, Paris, Poland, Australia, London, Chambord, Mexico, Miami, Indian Wells, Cincinnati

☆ Rihanna’s makes Chinese street food to promote Fenty Beauty to China’s Gen Z
▼ + stars: | 2024-05-22 | by ( Stephy Chung | ) edition.cnn.com time to read: +4 min

She’s a business mogul in every sense: Aside from a prolific music career, she’s launched successful brands including her cosmetics empire Fenty Beauty – worth an estimated $2.8 billion according to Forbes – and her lingerie label Savage X Fenty. Her latest move in China to promote makeup products is something of a masterclass in how to tap into its lucrative – mostly online – Gen Z market. On Tuesday night, the chart-topping singer attended a Fenty Beauty pop-up held at a Shanghai photography museum, “servin’ face” according to brand’s Instagram, and “jianbing” – a popular Chinese breakfast crepe that costs about a dollar. In a screengrab from Instagram, Rihanna makes jianbing in Shanghai, China, during a visit to promote Fenty Beauty. While Fenty Beauty products have been available in the country since 2019, the brand announced this March that it would be expanding its presence via Sephora stores on the mainland.

Persons: CNN —, Rihanna, She’s, she’s, Forbes –, brand’s Instagram, ”, China’s TikTok, “, Guo Pei, jianbing, RihannashowsupinShanghai, Gucci, Dior, Louis Vuitton Organizations: CNN, Vogue China, Academy of China Council, Promotion of International Trade Locations: China, Shanghai, Instagram, Weibo, Shandong, ”, China’s Shandong province, Jianbing, Douyin

☆ Rich Chinese millennials are creating new status symbols. Here are 11 ways they are redefining luxury.
▼ + stars: | 2024-05-19 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +12 min

Rich millennials in the US have been known to splash out on their pets, new laundry rooms, and expensive coffee machines. And over in China, rich millennials have their own ideas of what counts as a luxury status symbol. AdvertisementExpect to see these rich millennials mixing luxury casual wear like T-shirts and sneakers with traditional luxury brands, Banta told BI. And getting regular aesthetic treatments has become a top priority for affluent millennials, Banta told BI. Independent luxury brands that offer more authentic products and those that draw on cultural heritage are also highly in demand, she said.

Persons: —, they've, Rich millennials, They've, Claudio Lavenia, Louis Vuitton, Daniel Langer, Amrita Banta, Budrul Chukrut, Elisa Harca, Ant Asia, Mary, Kate, Ashley Olsen, prioritizes, Harca, Banta, JUAN BARRETO, Olivia Plotnick, Port Ellen, Alexandra Bacon, Ewan Andrew, Langer, Black Pearl, JOHANNES EISELE, Olivier Morin, Plotnick, Tom Dixon, Potnick, Gen, Gabriella Tegen, Gen Z Organizations: Service, Business, Pepperdine University, Research, Getty, JUAN BARRETO Travel, Wai, Social, Diageo, Michelin, China Morning, Meituan, Clover, Bloomberg, Clover Suites, China News Service, McKinsey, Brands, Independent Locations: China, Antarctica, Iceland, Shanghai, Port, Scotland, That's, Harca, Singapore, Banta, millennials

☆ Wealthy Americans are starting to spend more carefully
▼ + stars: | 2024-05-19 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

A robust stock market coupled with rising home values have boosted Americans’ wealth from 2019 through 2022, according to a Federal Reserve report on household finances. There’s been some evidence of wealthy Americans growing cautious in the latest round of company earnings results. Federal Reserve officials Michael Barr, Christopher Waller, Philip Jefferson and Raphael Bostic deliver remarks. Federal Reserve officials Christopher Waller, John Williams, Raphael Bostic, Michael Barr, Loretta Mester and Susan Collins deliver remarks. The Federal Reserve release minutes from its May policymaking meeting.

Persons: they’ve, “, ” Nanette Abuhoff Jacobson, There’s, ” Jonathan Akeroyd, Moet, The Beverly Hilton, Michael Kovac, LVMH Moët Hennessy Louis Vuitton, ”, Jacobson, ’ Ariel Barnes, Barnes, ” Barnes, Baby Boomer, Xers, Matt Egan, Read, Michael Barr, Christopher Waller, Philip Jefferson, Raphael Bostic, John Williams, Loretta Mester, Susan Collins, Robin, Ralph Lauren, Booz Allen Hamilton, Buckle Organizations: CNN Business, Bell, Washington CNN, Federal, Fed, Hartford Funds, CNN, Burberry, The Beverly, The Beverly Hilton Hotel, Walmart, Royal Caribbean Cruises, Jackson State University, Federal Reserve Bank of New, Palo Alto Networks, Urban Outfitters, NVIDIA, National Statistics, National Association of Realtors, Reserve, Intuit, US Labor Department, Chicago Fed, Global, US Commerce Department, Atlanta Fed, Booz, University of Michigan Locations: Washington, British, Americas, Beverly Hills , California, Jackson , Mississippi, Federal Reserve Bank of New York, Palo, Ross, Burlington

☆ Burberry’s profit slumps by a third as sales in China plunge
▼ + stars: | 2024-05-15 | by ( ) edition.cnn.com time to read: +2 min

London — British luxury brand Burberry has reported a 34% drop in annual profit after sales fell sharply in China — its biggest market — in the final three months of last year. The company had previously warned that achieving its goal of taking the 168-year-old brand further upmarket, to become the definition of “Modern British Luxury,” had been harder than expected after demand for luxury had slowed. Sales fell 12% in the final quarter, dragged down by a 19% slump in China, and wiping out gains made earlier in the year, Burberry said Wednesday. Sales in London, its home market, declined 17%, which Chief Executive Jonathan Akeroyd blamed on a lack of tax-free shopping for tourists. The world’s largest luxury group, Louis Vuitton owner LVMH, also reported weak sales in its latest quarter as spending on luxury items slowed.

Persons: ”, Burberry, Jonathan Akeroyd, ” Akeroyd, Akeroyd, Hermes, Prada, Kerring, Louis Vuitton, LVMH, Daniel Lee Organizations: London, Burberry, London Fashion Locations: China, London, Paris, Europe, British, Burberry’s, Americas

☆ Denim stocks can benefit with Western style in vogue, TD Cowen says
▼ + stars: | 2024-05-15 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

A renaissance in Western styles can boost stocks that specialize in denim, according to TD Cowen. While positive on stocks across the space, he specifically pointed to Boot Barn , Levi Strauss and Ralph Lauren as key plays on the trend. Playing the denim revival For clothing makers Levi Strauss and Ralph Lauren, Chen sees reasons to be bullish beyond just a Western resurgence. Both stocks have outperformed the market in 2024, with Ralph Lauren adding around 16% and Levi Strauss surging about 36%. Boot Barn surpassed Wall Street consensus forecasts for earnings and revenue in its fiscal fourth quarter , the company reported Tuesday.

Persons: TD Cowen, Oliver Chen, jean, Levi Strauss, Ralph Lauren, Chen, —, Louis, Taylor Swift's, Beyoncé's, Carter, Ralph Lauren's, James Conroy, Conroy, LSEG Organizations: Louis Vuitton, Department Locations: Americana, California

☆ A complete timeline of Joe Jonas and Sophie Turner's relationship
▼ + stars: | 2024-05-15 | by ( Olivia Singh | ) www.businessinsider.com time to read: +2 min

May 2024: Turner opens up about her divorce for the first time in an interview with British Vogue. While Jonas was photographed out and about with their kids, Turner was mom-shamed and accused of being a partier. "It hurt because I really do completely torture myself over every move I make as a mother — mum guilt is so real! The "Game of Thrones" actor praised Taylor Swift for letting Turner stay at her New York home for free. "Joe is a great father to our children and that's all that I can ask for."

Persons: Turner, Sophie Turner, Pascal Le Segretain, Louis Vuitton Turner couldn't, Joan, Jonas, you've, Taylor Swift, I've, she's, Joe Organizations: British Vogue Locations: Paris, New York

☆ Why are luxury brands waging war on the ‘upcycled’ clothing market?
▼ + stars: | 2024-05-13 | by ( Sarah Kent | ) edition.cnn.com time to read: +10 min

Editor’s Note: This article was originally published by The Business of Fashion, an editorial partner of CNN Style. The design was upcycled from vintage Chanel scarves by stylist Logan Horne, whose brand, J. Logan Home, specializes in refashioning heritage luxury accessories. Fashion brands' legal claims are varied but ultimately boil down to concerns that third parties are free-riding on brands’ valuable IP in ways that could risk confusing consumers, eroding primary sales and tarnishing or diluting carefully cultivated marks. Some big brands, like Prada, Gucci and indeed Levi’s, have already dabbled with upcycling collections and programs of their own. These days, she says she’s having about a conversation a week with brands interested in exploring collaboration, but the industry moves slowly.

Persons: Travis Kelce, Logan Horne, Logan, Webster, They’ve, Chanel, Horne, ”, Susan Scafidi, J, Logan Home’s, Christian Vierig, Louis Vuitton, Levi’s, Jeremy Moeller, Irene Calboli, ” Chanel, des, Batsheva Hay, Monica Schipper, “, Hay, upcycling, I’m, Prada, Gucci, Anna Foster, Gabriela Hearst Organizations: The, Fashion, CNN, NFL, Dua, Law, Paris Fashion, Business of, “, Getty, Logan Home, Texas, M University, Fashion Trust, Business of Fashion, Industry Locations: New York, Texas, Beverly Hills , California, India, Europe

☆ Atlantis The Royal, Dubai: Inside the Middle East’s ‘best’ hotel
▼ + stars: | 2024-05-07 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +9 min

Atlantis, The Royal Atlantis, The Royal: The double-height bar is perfect for sunset cocktails — although you won't be making your own drinks, as there's a 24-hour bartender ready to make your favorites. Atlantis, The Royal Atlantis, The Royal: The triple-height library provides a secluded space to work, read or relax. Atlantis, The Royal Atlantis, The Royal: The entertainment room is kitted out with a 98-inch LED screen for a home cinema experience. Atlantis, The Royal Atlantis, The Royal: Every room has stunning views — including the marble-clad bathrooms. Atlantis, The Royal Atlantis, The Royal: Guests can enjoy designer amenities made by French fashion house Hermès, as well as bespoke gold toothbrushes, combs and brushes.

Persons: Swedish House Mafia —, there’s, ”, Tom Roelens, There’s, Cabana, Rebecca Cairns, Kendall Jenner, “ We’ve, we’ve, Graff, bathrobes, Jay Z, Louis, Valentino —, “, it’s, Estiatorio Milos, Costas Spiliadis, — Organizations: CNN, Swedish House Mafia, Royal, Atlantis Resorts, Dolce, Gabbana, cabanas, Atlantis, “ Royal, Nobu, —, Chefs, Sky Locations: Dubai, Beyoncé, isn’t, Arabian, Atlantis Royal Dubai

☆ 6 luxury brands, from Coach to Gucci, that have gotten into the restaurant game
▼ + stars: | 2024-05-07 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

Here are six luxury brands that have opened restaurants around the world. Gotham/GC Images/Getty ImagesCoachIn March, Coach opened its first-ever restaurant, called The Coach Restaurant, in Jakarta, Indonesia. The brand opened a second location in Tokyo in 2021, in its seven-story flagship in Ginza. Dior also has the Mediterranean restaurant Dior des Lices in Saint Tropez. At its Paris flagship, the French luxury fashion house has La Pâtisserie Dior and the restaurant Monsieur Dior.

Persons: —, Ralph Lauren, Ralph Lauren's, Z, Osmud Rahman, Rahman, what's, Jessica Chastain, Louis Vuitton, Café, Ginza . Louis Vuitton, Arnaud Donckele, Maxime Frédéric, Dior Dior, Dior, Monsieur Dior, Anne, Sophie Pic, Dominique Maître, Gucci Gucci, Gucci Osteria, Massimo Bottura, Tiffany, Daniel Boulud Organizations: Service, Business, Toronto Metropolitan University's School of Fashion, Canadian, Globe, Michigan, Polo, Polo Bar, New, New York, Ginza . Louis, Louis, Dior, Kansai International Airport, Dior des Lices, Paris, Michelin, Penske Media, Getty, Tiffany, Co, South, Harrods Locations: Chicago, millennials, New York City, York, Miami , Virginia, New York, Milan, Paris, Chengdu, China, Midtown, Jakarta, Indonesia, Jakarta's Grand, Osaka, Japan, Tokyo, Ginza ., Saint Tropez, Bangkok, Thailand, Europe, US, Asia, Seoul, Miami, Florence, Italy, Italian, Beverly Hills, The Florence, Tiffany, South Coast, Costa Mesa , California, London

☆ After a tough quarter for global luxury, Barclays names 3 stocks to play the sector right now
▼ + stars: | 2024-05-07 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Consumers, particularly those in China, have been tightening their purse strings and cutting their spending on luxury goods in light of macroeconomic uncertainties. But Barclays notes that several companies in the sector make good plays right now. LVMH Barclays is bullish on French label LVMH and raised its target price by nearly 13.6% to 937 euros ($1,009.18). "We remain confident that Moncler will deliver above-market growth for the rest of 2024," the analysts wrote. Barclays' target price on the stock is 168 Swiss francs ($182.62), which gives it around 28.2% potential upside.

Persons: Christian Dior, Louis Vuitton, Dior, Tiffany, Moncler Organizations: Barclays, Tiffany, Vogue, Richemont Locations: China, Europe, Sephora, Switzerland

☆ Meet Delphine Arnault, Dior CEO and daughter of world's richest man
▼ + stars: | 2024-05-06 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Delphine Arnault, eldest child of LVMH head Bernard Arnault, is the CEO of Christian Dior. Apart from a brief stint at McKinsey, her career has spanned multiple roles for LVMH since 2000. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The eldest daughter of the world's richest man, LVMH CEO Bernard Arnault, the 49-year-old Delphine is now a year into her role as CEO of Dior. Since 2000, her career has spanned multiple roles with LVMH, including CEO of Dior since 2023.

Persons: Delphine Arnault, LVMH, Bernard Arnault, Christian Dior, Louis Vuitton, —, Delphine, Delphine Arnault's Organizations: McKinsey, TAG, Service, Dior Locations: Berluti

☆ The fall of Gucci was inevitable
▼ + stars: | 2024-05-03 | by ( Madeline Berg | ) www.businessinsider.com time to read: +13 min

"We got used to hearing about double-digit growth at Gucci," Fflur Roberts, the head of luxury goods at Euromonitor, told Business Insider. "I think of what a fashion editor is wearing — it's not Gucci," Lindsey Solomon, a fashion publicist, told BI. After taking the top spot on the Lyst Index of fashion's hottest brands in 2022, Gucci dropped to number 11 last quarter. "We still believe the Gucci brand's current growth rate, which is 10 times higher than that of the industry, represents a risk going forward," Morningstar's Sokolova wrote in a 2017 note. Gucci relied heavily on China for its growth, but stores — perhaps including this one in China's Hainan Province — have struggled recently.

Persons: Alessandro Michele's, loafers, Gigi Hadid, Sienna Miller, Steve Madden, ASOS, Sally Singer, Michele, Fflur Roberts, Alessandro Michele, Harry Styles, Billie Eilish, Jared Leto, Kevin Mazur, Bauer, Griffin, Jeff Kravitz, Gucci, Sabato De Sarno, Lindsey Solomon, De Sarno, François, Henri Pinault, China —, Jelena Sokolova, Solomon, Daniele Venturelli, Michele —, Sokolova, It's, Thomas Chauvet, Morningstar's Sokolova, Michele's Gucci, wasn't, Jeremy Moeller, Chauvet, Roberts, Chanel, Gucci's, Gucci hadn't, Hermès, Birkin, Louis Vuitton's Neverfull, Pinault, Louis, Euromonitor's Roberts Organizations: Creative, Gucci, The Recording Academy, Axelle, Morningstar, BI, Citi, Disney, Getty, Revenue, China News Service, Bain, Louis Vuitton Locations: Euromonitor, China, The Asia, Pacific, China's Hainan Province, Asia

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