New Jersey maritime pioneer, Viking Yachts legend Bill Healey dies at 97 after building America’s luxury boat empire
New Gretna, NJ – Bill Healey, the cofounder of Viking Yacht Company who helped transform a small boatyard into the world’s top maker of luxury sportfishing vessels, died Wednesday from long-term complications…
Columbus Luxury Car Thieves Caught on Camera
COLUMBUS, OH- Detectives from the Property Crimes Bureau are seeking assistance from the public in identifying suspects involved in the theft of two luxury vehicles from a dealership located in northwest Columbus.…
Jersey Shore Outlet Giants Create Luxury Super Business
NEPTUNE, NJ – Nearly every outlet shopping center in New Jersey features two brands, Coach and Michael Kors. Now, these two giants are being combined into one luxury super brand and business…
China’s uneven recovery may deepen demand worries for U.S. luxury goods makers
By Deborah Mary Sophia and Ananya Mariam Rajesh (Reuters) – U.S. luxury companies including Michael Kors-owner Capri and Estee Lauder will likely record a hit to sales from a slower-than-expected recovery in…
Devon Archer Says Kazakh Oligarch Wired Hunter Money For A Luxury Car Around The Time He Met Joe Biden In DC
Devon Archer Says Kazakh Oligarch Wired Hunter Money For A Luxury Car Around The Time He Met Joe Biden In DC Nick Pope on August 3, 2023 Devon Archer, a former business…
Italy’s luxury groups set aside rivalries to keep it local
By Elisa Anzolin MILAN (Reuters) – Italy’s luxury fashion groups, which for decades jealously guarded their independence, have started teaming up to protect their supply chains and the Italian roots of smaller…
Luxury Concierge Service Offering Private Jet Charters To Next UN Climate Conference
Luxury Concierge Service Offering Private Jet Charters To Next UN Climate Conference Nick Pope on June 26, 2023 A luxury concierge service is offering to book chartered private jets for attendees of…
Fake Luxury Watches Worth Over $1.2 Million Intercepted by CBP at LAX
If genuine, the seized watches would have had an estimated manufacturer’s suggested retail price (MSRP) of $1,294,500. LOS ANGELES— U.S. Customs and Border Protection (CBP) officers assigned to the Los Angeles International…
From mangoes to luxury watches, Indians look to offload 2,000-rupee notes
By Siddhi Nayak and Nikunj Ohri MUMBAI/NEW DELHI (Reuters) -Indians are stepping up purchases of daily essentials, and even premium branded goods, using the soon-to-be-withdrawn 2,000-rupee ($24.46) notes as they aim to…
Australian luxury wine to China will take years to rebuild – Treasury
SYDNEY (Reuters) – Chinese wine sales will not return to the same level for Australia’s Treasury Wine Estate even if high tariffs imposed during a political dispute with Canberra are dropped, its…
Analysis-Fewer luxury shoppers but bigger spenders as Chinese return to Europe
By Casey Hall and Mimosa Spencer SHANGHAI/PARIS (Reuters) – China’s five-day Labour Day holiday in early May was once a good excuse for a quick European jaunt – with a side of…
State Seeks Crackdown On Free Meal Programs After Fraudsters Allegedly Stole Millions For Cars, Houses And Luxury Buys
State Seeks Crackdown On Free Meal Programs After Fraudsters Allegedly Stole Millions For Cars, Houses And Luxury Buys Reagan Reese on April 17, 2023 The Minnesota Department of Education is looking to…
Civil Forfeiture Complaint Filed Against Six Luxury Real Estate Properties Involved In Sanctions Evasion And Money Laundering
Damian Williams, the United States Attorney for the Southern District of New York, Andrew C. Adams, the Director of Task Force KleptoCapture, Ivan J. Arvelo, the Special Agent in Charge of the…
Toyota to launch two luxury vehicles in Japan -Nikkei
TOKYO (Reuters) – Toyota Motor Corp will launch two higher-end luxury vehicles in Japan during the next financial year as it seeks to capture a larger share of the luxury car market,…
Queens Jeweler Convicted In Luxury Watch Robbery And Money Laundering Scheme
Damian Williams, the United States Attorney for the Southern District of New York, announced that a jury returned a guilty verdict today against STANISLAV YAKUBOV, a/k/a “Steve,” on three counts in a…
U.S. card firms’ growth to moderate as luxury buying falters
By Manya Saini and Niket Nishant (Reuters) – U.S. card companies are expected to post the slowest revenue growth in seven quarters, as consumers tighten their purse strings and avoid spending on…
TUI: Luxury holiday demand boosts sales
BERLIN (Reuters) – Travel giant TUI reported on Friday a boost in demand for luxury holidays, driving sales for the winter 2022/23 period higher than they had been in the corresponding 2018/19…
China’s BYD to launch luxury electric sedan in India this year
By Praveen Paramasivam and Aditi Shah GREATER NOIDA, India (Reuters) – BYD will launch its third passenger electric vehicle in India by the fourth quarter of this year, the Warren Buffett-backed Chinese…
Hermes expands in Nanjing as luxury industry bets on Chinese return
By Mimosa Spencer PARIS (Reuters) – Birkin bag maker Hermes is opening a new, enlarged store in China’s Nanjing city, signalling the luxury industry’s confidence in a strong return of Chinese shoppers…
As travel resumes, China’s luxury shoppers ask: Paris or Hainan?
By Casey Hall SHANGHAI (Reuters) – An end to China’s travel curbs this month is expected to revive demand in the global luxury retail market, which has been starved of mainland visitors…
As Other Automakers Push EVs, This Luxury Brand Drove Laps Around Them In 2022
As Other Automakers Push EVs, This Luxury Brand Drove Laps Around Them In 2022 John Hugh DeMastri on December 28, 2022 While electric vehicle (EV) startups that once seemed promising saw their…
Russian Intelligence Agent Charged with Fraud and Money Laundering in Connection with Purchase and Use of Luxury Beverly Hills Real Estate
A seven-count indictment was unsealed today in federal court in Brooklyn charging Andrii Derkach with conspiracy to violate the International Emergency Economic Powers Acts (IEEPA), bank fraud conspiracy, money laundering conspiracy and…
Murrieta Man Sentenced to 5 Years in Prison for Misusing COVID-Relief Business Loans on Personal Expenses Such as Luxury Cars
LOS ANGELES – A Riverside County man was sentenced today to 60 months in federal prison for using hundreds of thousands of dollars from the Paycheck Protection Program (PPP) for personal…
Luxury Fashion Brand Used Child Models To Advertise Kink, Bondage Teddy Bears
Luxury Fashion Brand Used Child Models To Advertise Kink, Bondage Teddy Bears Laurel Duggan on November 21, 2022 Luxury fashion brand Balenciaga came under fire last week for a series of sexually…
Designer labels for 15-year-olds? New generation splashes on luxury: Bain
By Mimosa Spencer PARIS (Reuters) – Luxury shoppers are getting younger and younger, forming a group that’s expected to buoy growth in the sector in the coming years with purchases being made…
European shares open higher as luxury, mining stocks jump on China reopening hopes
(Reuters) – European shares opened higher on Friday, with luxury stocks and miners leading the advance on hopes that China will soon ease its strict COVID-19 curbs. The STOXX 600 rose 0.7%…
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