Kering shares sink 9% after profit warning on declining Gucci sales
The new Gucci store on Bond Street on 27th September 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Shares of French luxury group Kering sank…
Maharajas’ Express to Palace on Wheels
Luxury trains in India date back to its colonial era, when opulent carriages transported dignitaries, officials and royalty. More trains were built in the 19th century for the country’s maharajas…
What a one-night journey costs
Reservations for Italy’s new “La Dolce Vita Orient Express” train open Tuesday. Luxury train enthusiasts may want to lock in the current rate now — before it climbs any higher.…
What are the best restaurants in Asia? Here the top 50 for 2024
Tokyo’s Sézanne is the newly crowned winner of “Asia’s 50 Best Restaurants 2024” list. The two Michelin-starred neo-classical French restaurant, located on the 7th floor of the Four Seasons Hotel…
The U.S. is the top country for millionaires and billionaires
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions,…
Kering issues luxury profit warning, Gucci sales to plunge 20%
A Gucci store at Harbour City shopping mall, operated by Wharf Holdings Ltd., in Hong Kong, China, on Friday, June 2, 2023. Bloomberg | Getty Images Shares of French luxury…
The Eastern & Oriental luxury train is back — here’s what it costs
After nearly four years, the Eastern & Oriental Express is back on the rails. The train, which is operated by the luxury travel company Belmond, this week welcomed its first…
L’Oreal shares down 7% on lower-than-expected sales, slowdown in Asia
Balint Porneczi/Bloomberg | Getty Images LONDON — L’Oreal shares fell more than 7.3% in early deals Friday, before slightly paring losses, as the company reported lower-than-expected sales and pointed to…
Record number of travelers visit city this winter
For many Chinese, Harbin conjures images of ice and steel, a city both cold and tough. But this winter, the heavily industrialized city morphed into a warmly welcoming host, drawing…
Here’s what it may look like
The kingdom of Bhutan is planning a “mindfulness city” that, if built, will cover some 2.5% of the country — an area larger than Singapore. Plans show the 1,000-square-kilometer city…