Monaco hosts E1, a new racing competition using all-electric boats

Monaco hosts E1, a new racing competition using all-electric boats

Monaco’s connection to car racing and boating is stamped all over it, from the hairpin turns of its Formula One circuit to the five-deck superyachts docked at Port Hercule. But its desires to be known as a sustainability destination are less apparent. Monaco’s “Green is the New Glam” campaign, launched in 2018, highlighted many of … Read more

LVMH puts mark on Olympics as luxury brands embrace sports

LVMH puts mark on Olympics as luxury brands embrace sports

The 2024 Paris Olympic Games medals are displayed inside a custom-designed trunk manufactured by Louis Vuitton, an LVMH brand partner of the Paris Olympic and Paralympic Games, during a gathering at LVMH in Paris on July 22, 2024, ahead of the start of the 2024 Paris Olympic Games.  Stephane De Sakutin | AFP | Getty … Read more

Dolce & Gabbana launches $100 perfume for dogs inspired by owner’s pet

Dolce & Gabbana launches 0 perfume for dogs inspired by owner’s pet

Passers-by are reflected on the window of a Dolce & Gabbana luxury fashion house boutique displaying their new perfume for dogs called ‘Fefé’ in central Rome, on August 8, 2024. Dolce & Gabbana has launched a new alcohol-free dog fragrance certified suitable for animal use called “Fefé” in honor of Domenico Dolce’s pet. (Photo by … Read more

UNESCO names Gaza site to both its World Heritage and In Danger lists

UNESCO names Gaza site to both its World Heritage and In Danger lists

UNESCO’s World Heritage Committee named a site in the Gaza Strip — Saint Hilarion Monastery, or Tell Umm Amer — to both its “World Heritage” and “World Heritage In Danger” lists in late July. The decision, made during the 46th session of the World Heritage Committee held in New Delhi, India, reflects the ancient monastery’s … Read more

Travel to Paris dropped because of the Summer Olympic Games

Travel to Paris dropped because of the Summer Olympic Games

Was it the Parisians who bluntly told travelers “do not come” to Paris during the Summer Games? Or did sky-high prices for hotel rooms, house rentals and event tickets turn travelers away?   For a multitude of reasons, many people — including residents — avoided Paris in the build-up to the Olympic Games, despite prognostications … Read more

LVMH CEO Bernard Arnault: Olympics sponsorship honors France

LVMH CEO Bernard Arnault: Olympics sponsorship honors France

For the first time a luxury brand is an Olympic sponsor. And it’s not just one brand, it’s the empire of LVMH. “We tried to find a way with the Olympic Committee – to be able to show maybe something that has never been done before with the Olympics,” LVMH Chairman and CEO Bernard Arnault … Read more

Chinese shoppers flock to Japan to take advantage of the weak yen

Chinese shoppers flock to Japan to take advantage of the weak yen

Chuo Ward, Tokyo, Japan – February 23, 2018; Top luxury shopping streets with multi colored neon signs. Ginza avenues are lined with shops of expensive brands and restaurants in the heart of Tokyo. It is half past five p.m. on Friday. People flock to Ginza for shopping, dinner and drinking with their friends. Ginza became … Read more

Gucci-owner Kering hits 7-year low after weak forecast, revenue drop

Gucci-owner Kering hits 7-year low after weak forecast, revenue drop

The Gucci store on Fifth Avenue is seen on March 20, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty Images Shares in Gucci-owner Kering fell on Thursday, after the luxury group announced a sharp decline in revenue in the first half of the year and issued a weak forecast … Read more

World’s largest luxury group LVMH slumps after reporting revenue miss

World’s largest luxury group LVMH slumps after reporting revenue miss

People are walking by the Louis Vuitton storefront building in Lisbon, Portugal, on July 21, 2024. Luis Boza | Nurphoto | Getty Images Shares in the world’s largest luxury group LVMH fell on Wednesday after its second-quarter sales came in below analyst consensus on Tuesday. LVMH shares were last down by 4.5% at 10:04 a.m. … Read more

How the ultra-wealthy travel in Paris

How the ultra-wealthy travel in Paris

Paris boasts many luxurious five-star accommodations. At the Hotel Plaza Athénée, a single night during peak season can cost around $44,000, while a stay in the Imperial Suite at the Ritz Paris can command an astounding $70,000 per night.  Hôtel de Crillon, an 18th-century palace which was converted into a luxury hotel in 1909, has … Read more