The Porsche Mission X on display at the IAA Mobility 2023 show in Munich, Germany. Arjun Kharpal | CNBC Porsche on Tuesday warned that profitability will decline this year as it launches new models amid tough economic conditions, but hiked its dividend on the back of a rise in 2023 operating profit. The German luxury … Read more
Sonja Prokopec took her son on their first “solo” trip together when he was six years old. They went to Rome, and it was so memorable that Prokopec said she’s now planning their second trip this summer. “I really enjoy one-on-one time which we have when travelling alone,” she said. “There are no distractions, no … Read more
Mercedes-AMG GT 43 4MATIC+ on display at Brussels Expo on January 9, 2020 in Brussels, Belgium. Sjoerd Van Der Wal | Getty Images News | Getty Images Mercedes-Benz shares gained around 5% on Thursday morning after the German carmaker beat fourth-quarter earnings expectations and announced a new share buyback program, despite warning of “exceptional” risks … Read more
Young, aspiring Indians are among customers driving volumes at Italian supercar maker Lamborghini, which posted record sales last year, global chief executive Stephan Winkelmann told ET. Its signature, wedge-shaped sports car is one of the fastest production vehicles available to the seriously wealthy and the marque is seeing demand not only from buyers in the … Read more
After nearly four years, the Eastern & Oriental Express is back on the rails. Â Â Â The train, which is operated by the luxury travel company Belmond, this week welcomed its first set of passengers since it stopped running as a result of the Covid-19 pandemic. Â Â The luxury train has been operating in Southeast Asia … Read more
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 in a record-breaking number of visitors, mainly from China’s south. During the three-day New Year period from Dec. 30 to Jan. 1, Harbin received more … Read more
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 will be built near the town of Gelephu, along Bhutan’s southern border with India. “Gelephu Mindfulness City,” as it’s called in the project’s masterplan, will … Read more
Luxury giant LVMH is making a push to gain share of the global luxury watch business, with a newly formed watch division and an array of new, higher-priced models. Sales of luxury watches worldwide are estimated at about $30 billion this year, according to market research firm IMARC Group. They’re expected to grow to more … Read more
A Yayoi Kusama sculpture is displayed on the top of the Louis Vuitton’s Champs Elysees store, on January 12, 2023 in Paris, France. This year the French Fashion house has launch a second collaboration with Yayoi Kusama.The first one was in 2012. The Yayoi Kusama x Louis Vuitton collection are now available in all Louis … Read more
VIENNA, AUSTRIA – NOVEMBER 25, 2022: Karin Teigl is seen wearing Hermès yellow leather mini Kelly, Baum & Pferdgarten green leather jacket, Lumina beige cropped turtleneck sweater and vintage checked green yellow pants. Jeremy Moeller | Getty Images Quiet luxury was one of last year’s biggest viral fashion trends on social media — but unlike … Read more
