Watch: Luxury units uncovered inside an Indonesian prison
A surprise inspection at the prison revealed apartment-like units appearing to house inmates, equipped with televisions, a gym and fridges stocked with alcohol.
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A surprise inspection at the prison revealed apartment-like units appearing to house inmates, equipped with televisions, a gym and fridges stocked with alcohol.
TJ Maxx has become a force in luxury retail, taking advantage of department stores canceling orders and brands clearing end of season lines. But whilst itโs good for shoppers as the average price of luxury goods increases, the strategy has risks for the store and the high-end labels, explains Bloomberg Opinion columnist Andrea Felsted. (Source: Bloomberg)
Bloomberg Pursuits Global Luxury Editor editor Chris Rovzar says luxury shoppers are increasingly prioritizing price, quality and lasting value over labels, helping brands such as Coach and Ralph Lauren gain ground as parts of the broader luxury industry struggle. Joining David Gura and Christina Ruffini on Bloomberg This Weekend, Rovzar explains that New York Fashion Week is also showing renewed momentum for American fashion, with heritage brands and designers embracing color, archival influences and more accessible luxury. (Source: Bloomberg)
The โrevenge dressโ worn by the late Princess Diana in 1994 is up for auction at Sothebyโs for the first time in nearly three decades. The black silk evening dress by Greek designer Christina Stambolian is estimated to fetch as much as ยฃ220,000 (US$298,110) when it goes on sale on December 9 during Sothebyโs Luxury Week in New York, the auction house said on Thursday. Diana wore the dress in June 1994 as she arrived at the Serpentine Gallery in London for a fundraising dinner. It gained...
Richemont Chairman Johann Rupert, the South African billionaire who tightly controls the Swiss luxury group, signaled long-awaited succession planning is underway.