Working 9 to 17: Patek Philippe’s stunning Calatrava Travel Time April 24, 2023 A 24-hour-display dial takes a bit of adjustment to read as instantly as your usual 12-hour. But not as long as you’d think. Patek Philippe’s Calatrava Travel Time was the blue-eyed posterboy of the resurgent Watches and Wonders event, Geneva’s luxury watchmaking fair, which took place earlier this month. A consolidation of the now-defunct ‘Baselworld’ [...]
YSL splashes out record rent on Bond Street as luxury sector shrugs off cost of living concerns April 23, 2023 Luxury goods company Kering is set to pay a record rent for the UK, after agreeing a lease for Bond Street’s Yves Saint Laurent store. Market sources told The Sunday Times that Kering will cough up £13m a year for the six-storey West London store, beating Ralph Lauren’s previous record of £11m. The luxury group [...]
Hotel Chais Monnet in Cognac: Stunning space off the tourist track April 12, 2023 The distillery town of Cognac lies off the tourist route, making it ideal for a weekend break that genuinely feels like a getaway. Our Life&Style editor Steve Dinneen stayed at the wonderful Hotel Chais Monnet. Where is it? Cognac, population 18,000, is one of those places whose produce is far more famous than the town [...]
LVMH: Shares in luxury giant hit record high amid warning it’s ‘firing last cartridge’ on back of China’s reopening January 17, 2023 Shares of luxury goods giant LVMH soared to a new record high of £703.35 (€795.7bn) this morning, bringing the company’s market capitalisation to £350bn. LVMH (Moët Hennessy Louis Vuitton) continues to thrive after China’s reopening at the start of the year proving to be a major boost for the company, which relies heavily on luxury [...]
LVMH boss promotes daughter Delphine Arnault to top position at Dior January 11, 2023 LVMH chairman and CEO Bernard Arnault has appointed his daughter Delphine Arnault as CEO of Christian Dior in a management shake-up. She succeeds Pietro Beccari, 55, who has headed Dior for nearly 12 years but has also been promoted. He is set to take over as CEO of Louis Vuitton from Michael Burke, who will [...]
Capital People: Meet the Bond Street watch dealer serving Daniel Craig and the uber-rich December 2, 2022 London watch dealer Raj Jain has an interesting backstory, having bought and sold rare, antique and luxury watches in both the UK and Mumbai since the 1980s. An industry stalwart, he has been based in London’s fabulous and famous Bond Street area for almost three decades with a watch shop that’s “like a museum” but [...]
Aston Martin shares plunge 12.4 per cent following Jefferies downgrade November 15, 2022 Aston Martin’s shares today slumped as low as 12.4 per cent following Jefferies’ downgrade. Stocks seemed to have slightly recovered since this morning as they were 9.89 per cent down around 12.30pm. In an analyst note sent this morning, the US investment bank demoted the luxury car maker from ‘hold’ to ‘underperform’, while slashing the [...]
Luxury purchases and Battersea openings help improve outlook for Watches of Switzerland November 9, 2022 Watches of Switzerland has upgraded its outlook for the second half of the financial year, following a significant uptick in the purchase of luxury items. The London-based watch-seller experienced a 30 per cent increase in revenue for its luxury watches to more than £660m up until 30 October. It reported a 23 per cent increase [...]
Bentley’s profits more than double to £495.5m despite global headwinds November 2, 2022 Bentley’s profits have more than doubled to €575m (£495.5m) despite ongoing industry and economic headwinds. In the nine months ended 30 September, the luxury car maker’s earnings soared by 109 per cent, while return on sales surged to 23.1 per cent – the highest in the UK marque’s 103-year history. Revenue went up 28 per [...]
Why locals prefer Aspen in the summertime July 5, 2022 Even from the air, it’s obvious Aspen isn’t quite like any other town. Situated at an elevation of 2,438m and surrounded on all sides by the snow-topped Rocky Mountains, this remote enclave even requires special pilot training to land at its tiny airport, dubbed one of the most dangerous in the world thanks to its [...]