Dina Boluarte is discovering the risks of leading a country that jails ex-presidents so often that it built a special prison to hold them. Just a year into Boluarte’s term as Peru’s president, about 80% of voters wanted her gone. That was before a scandal erupted over how exactly she came to own a collection … Read more
On a chilly October day in Paris in 2010, Bertrand Puech got an unexpected call on his cellphone from Bernard Arnault, the founder of luxury giant LVMH Moët Hennessy Louis Vuitton SE and one of the world’s richest men. Arnault told Puech, the family patriarch at rival Hermès, that his company had amassed shares in … Read more
The global luxury goods market’s growth is back to normal, a new report shows. The post-pandemic rebound seems to be over, but numbers remain high with €1.5 trillion for the industry’s market projected in 2023. ADVERTISEMENT The luxury goods sector is expected to see its global market revenues grow by 8 to 10%, according to a report … Read more
September 19, 2023 at 2:10 PM EDT Let’s say you own a bunch of stocks, say $1 million worth of the stocks in the S&P 500 Index. You think they will go up (that’s why you own them), but you worry that they might go down. You can buy insurance against that risk: You can … Read more
Problems are stacking up for Europe’s hottest sector. A warning from the chairman of Cartier-owner Richemont that stubborn inflation was starting to affect demand in Europe prompted a swoon in luxury stocks last week. That downbeat message added to a string of worrying economic signals from China and signs of softer trends in the US. … Read more