luxury

The Chinese government is tightening the noose on debt defaulters, imposing stringent penalties that include restrictions on high-speed rail travel and luxury accommodations. This move is part of a broader crackdown on unpaid bills. What Happened: Beijing is resorting to severe actions against...

The luxury goods industry is preparing for a substantial decline in sales, attributed to China’s subdued demand and challenging comparisons with the sales spike following the COVID-19 pandemic last year. What Happened: Investors are bracing for a sharp fall in sales as luxury brands reveal...

Luxury carmaker Aston Martin Lagonda Glb (OTC:AMGDF) has named Adrian Hallmark as its new CEO. Hallmark, who is currently the head of Bentley, will assume his new role by Oct. 1. What Happened: Hallmark, 61, will take over from the outgoing CEO Amedeo Felisa, who will continue in his position until...

The recent surge in Bitcoin‘s (CRYPTO: BTC) value could potentially lead to a surge in the prices of luxury watches, a trend that was observed during the cryptocurrency’s previous rally in 2021. What Happened: The recent surge in Bitcoin’s value could lead to a similar increase in...

In a bid to capitalize on the thriving real estate market in Dubai, Emaar Properties is set to invest a whopping $21 billion in two high-end residential projects. The move comes as the city’s property prices and rents approach record levels. What Happened: Emaar, renowned for constructing the...

Mark Cuban, the billionaire entrepreneur and owner of the NBA’s Dallas Mavericks, attributes his success to a piece of advice from his father when he was just 14 years old. This advice, which Cuban received while working alongside his father, has been a guiding principle throughout his career...

Xiaomi Corp (OTC:XIACF) is banking on its new electric vehicle (EV) to attract a potential 20 million premium users in China. What Happened: The Chinese smartphone giant is set to unveil its new EV, the SU7, at the Mobile World Congress in Barcelona, which begins on Monday, reported CNBC on Sunday...

BYD Co Ltd (OTC:BYDDF) (OTC:BYDDY), a Chinese electric vehicle (EV) manufacturer, has announced a new stock buyback plan and the expansion of its luxury car production, in a bid to counteract a recent stock price slump. What Happened: BYD, backed by billionaire investor Warren Buffett, has...

As the upcoming speaker at the Benzinga Cannabis Market Spotlight: California event, Nishant Reddy, co-founder and CEO of A Golden State, stands out not just for his premium cannabis brand but also for his commitment to social justice and sustainability in the cannabis industry.  Leaving...

LVMH Moet Hennessy Louis Vuitton SE (OTC:LVMHF), the French multinational luxury goods conglomerate, is making a significant move in the global luxury watch market. The company has launched a new watch division and introduced a range of high-end models. What Happened: LVMH is aiming to capture a...

China’s overseas travel has never significantly recovered since the COVID-19 pandemic. Although the country lifted all pandemic measures over a year ago, foreign tourism remained substantially lower than pre-pandemic levels. Data from aviation analytics firm Cirium, reported by Bloomberg,...

China’s recent release of mixed economic data is weighing on U.S.-listed Chinese equities and sectors strongly linked to Chinese growth on Monday. China’s economy grew 6.3% YoY in Q2 2023, missing the market’s projected 7.3% rise. This marks a jump from Q1’s 4.5% increase....

The past few months have seen non-fungible tokens, or NFTs, take the world by storm – with releases from Grammy-winning musicians, digital artists, and even fast-food chains. What Happened: Luxury brands may be the next to jump on the bandwagon, according to a recent report from...

RealReal Inc (NASDAQ: REAL) shares were trading lower Tuesday after the company reported earnings that missed expectations. On Monday, the RealReal reported a fourth-quarter adjusted loss of 49 cents per share, missing the Street estimate by eight cents. The company reported revenue...

Research firm Piper Sandler initiated coverage of two fashion plays Tuesday: RealReal Inc (NASDAQ: REAL) and Revolve Group Inc (NYSE: RVLV). The Analyst: Erinn Murphy initiated coverage of RealReal with an Overweight rating and $19 price target. The analyst also initiated coverage of Revolve Group...