luxury
NTD Business Full Broadcast (Dec. 17)
Regulators are slapping J.P. Morgan with the biggest fine of its kind for letting workers skirt federal rules. What’s it for exactly? The luxury industry is booming right now, with many reporting record sales. The biggest antique business in North America also had a good year and gave us some insight. Crypto-related scams have cost investors […]
Luxury Retailer Neiman Marcus to Stop Selling Fur Products by Early 2023
Luxury department store chain Neiman Marcus Group will close its fur salons and become fur-free by early 2023, it said on Wednesday. The changes are a part of its environmental, social, governance goals to identity and disclose topics like animal welfare, the company said. “It is clear the future is fur-free and that includes the […]
London Tops Luxury Home Sales in 2020
Despite the pandemic and lockdowns, figures suggest that the super-wealthy bought more homes in London than any other city in the world. Transactions increased in London, while sales in the usual top markets of Hong Kong and New York went down.
Oldest British Mall Offers Online Luxury
Britain’s oldest shopping mall is adapting its business model to meet customer demands this year. It boosted its digital services— but still wants people to come visit in person. “The Burlington Arcade is 201-years-old. It’s the oldest shopping arcade in the country. What makes it special is actually the uniqueness of the shops, the expertise of […]
Luxury Brands Brace for up to $43 Billion Decline in Sales Amid Coronavirus Outbreak
The coronavirus could cost the luxury goods market billions, according to a recent survey by industry executives, as new cases of the virus have surged outside of China. Compared to the realities of this health crisis, high-end goods and luxury fashion seem unimportant—but the impact on those involved in the industry is by no means […]
From Father to Son: A Very British Brand
LONDON—Robert Ettinger is keeping the traditions of his family business alive. His father, Gerry Ettinger, was one of the last men to wear a bowler hat and in 1934 founded the luxury leather goods brand G Ettinger. Named one of the 50 most influential people in British luxury, Ettinger senior’s hat fits him perfectly. He […]