Senior woman looking on cell phone at sidewalk cafe.Yuliya Taba | E+ | Getty ImagesA 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.A leading advisory group to...
Category: Wealth
Battle for talent at family offices boosts incentive plans and pay
Maskot | Maskot | Getty ImagesA 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.Family offices are ramping up their battle for talent, creating new incentive plans for...
Gucci sales plunge 25% in the second quarter as woes persist at luxury giant Kering
A Gucci logo is displayed at their store on May 30, 2025 in Washington, DC.Kevin Carter | Getty Images News | Getty ImagesGucci-owner Kering on Tuesday posted worse-than-feared second-quarter results and flagged ongoing geopolitical uncertainty as woes persist at the beleaguered luxury group.Sales at the high-end fashion house dropped 15%...
Luxury shopper recovery faces four key headwinds
The 19-story façade of the Louis Vuitton luxury store stands wrapped in a design reminiscent of their monogrammed trunks in Manhattan, New York City. Spencer Platt | Getty Images News | Getty ImagesHigh-end spenders are painting a mixed picture when it comes to the luxury market's long-awaited recovery, with softer...
Auction sales fall 6% in the first half, raising fears of an art market shift
Ups and Downs by KAWS, estimated£30000-£50000, on display during a preview at the Phillips showroom in central London, ahead of their forthcoming Evening and Day Editions auction. Picture date: Friday January 17, 2025. (Photo by Ian West/PA Images via Getty Images)Ian West - Pa Images | Pa Images | Getty...