Archives: May 2008

The Return of the Faberge Egg

Posted by: Charles DuBow on May 29, Categories: Global Wealth

Faberge: the real golden egg. Saw a post on Luxist today that after a hiatus of nearly a century the legendary firm Faberge, which made the eponymous eggs and...

Burberry's Better Half

Posted by: Charles DuBow on May 28, Categories: Fashion Business

The Warrior bag is carrying Burberry, instead of the other way around. Ho ho, what's this? Burberry Group PLC (BRBY) reported its earnings today and, lo and behold, it...

Saks Sags

Posted by: Charles DuBow on May 20, Categories: Fashion Business

Quick--what's the difference between Saks (SKS) and Hermes (HRMS)? Well, that's a bit unfair as there are many differences but both are high-end retailers. The difference I had in mind...

Arnaults Denies Hermes Bid

Posted by: Charles DuBow on May 16, Categories: Fashion Business

According to a report from Dow Jones, French billionaire Bernard Arnault, the chairman and CEO of the LVMH Moet-Hennessy Louis Vuitton (LVMH), denies reports earlier this week that his company...

Valentino to Double Sales

Posted by: Charles DuBow on May 12, Categories: Fashion Business

Valentino is a label synonymous with red carpets and catwalks, but Stefano Sassi, the CEO of Valentino Fashion Group, wants to make the brand more accessible. He plans to double...

Hermes Bid Rumors

Posted by: Charles DuBow on May 12, Categories: Fashion Business

Could Hermes (HRMS) soon be selling more than Birkin bags and its trademark silk ties and scarves? Shares of the Paris-based luxury goods maker rose to record highs on Monday...

Sotheby's Swing to a Loss

Posted by: Charles DuBow on May 09, Categories: Global Wealth

Oh, oh, looks like people aren't buying art the way they used to. At least not through Sotheby's (BID). The storied London-based auction house posted a loss for the first...

Orient-Express Q1 Earnings Up 23% YOY

Posted by: Charles DuBow on May 08, Categories: Haute Hotels

Venice's Hotel Cipriani is one of Orient-Express's playgrounds of the extremely wealthy. Orient-Express Hotels (OEH) reported its first-quarter earnings today and announced total revenues of $119.9 Million, a 23%...

Hermes' Haute Q1 Sales

Posted by: Charles DuBow on May 07, Categories: Fashion Business

Who says there's a recession? Certainly not the haute bourgeosie that comprise the majority of those who shop at Paris-based luxury chain Hermes. According to a report today in WWD,...

Let Them Drive Boats

Posted by: Charles DuBow on May 06, Categories: Global Wealth

"> Pity the American middle-class outdoorsman. The Wall Street Journal today reported that General Electric's consumer-finance unit will stop providing loans for buying RVs and most watercraft. The news follows...

Gulfstream Sales Soar

Posted by: Charles DuBow on May 05, Categories: Global Wealth

The Gulfstream G-650 At a time when the global economic crisis seems to be spoiling consumers' appetites for affordable luxury, the market for unaffordable luxuries seems as strong as...