An exterior view of the Breitling Swiss luxury watch store in New Bond Street, Mayfair on February 17, 2025 in London, United Kingdom. John Keeble | Getty Images News | Getty ImagesTariffs of 39% that were slapped on Swiss goods by U.S. President Donald Trump have been "horrible" for Switzerland, the chief...
Category: Wealth
Wealthy investors expected to drive $32 trillion alternatives boom
Shironosov | Istock | Getty ImagesA version of this article appeared in CNBC's Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox.Investments in alternatives are expected to...
Billionaires are spending big to stop Zohran Mamdani’s NYC mayoral bid
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Super PACs supporting Andrew Cuomo and opposing Zohran Mamdani in the New York City mayoral race have raised over...
As secondhand luxury soars, authentication becomes a new gold standard
As the global market for secondhand luxury items surges, authentication has become the defining factor separating credible platforms from the rest.The resale market for fashion and luxury items is expanding at an annual rate of 10%, three times faster than the firsthand market, according to a report released Oct. 9...
Coffee and ‘chili crab’ ice cream: How luxury fashion brands like Coach are capturing Asian consumers
A corduroy Ralph Lauren letter jacket at the brand's store in Singapore retails for around $900 Singapore dollars ($693).But a vanilla latte in its cafe? A comparative steal at SG$9.From Ralph Lauren to Coach, Louis Vuitton, Dior and Prada, clothing and luxury brands are opening stores in Asia to connect...