Categories: Wealth Watch

When the Luxury Party Stopped

Posted by: Charles DuBow on September 29

Despite the biggest one day drop in the Dow since 1987, tonight in Manhattan restaurants will still be full, Town Cars will still be waiting by the curb and Champagne…

Taking to Drink: Nervous Investors Flock to Vintage Wine

Posted by: Charles DuBow on September 25

Bad times for Wall Street. Good times for wine merchants like London’s Berry Bros. & Rudd. Ok—this is interesting: South African wine blog Boschendal has a post citing London’s…

In Challenging Times, is Private School an Expendable Luxury?

Posted by: Charles DuBow on September 16

There are many different kinds of luxury. While the recent implosion of Lehman and the fears flooding Wall Street will hurt sales of everything from Ferraris to Fendi handbags, one…

The Affluence Myth

Posted by: Charles DuBow on August 20

Great column today by Geoff Colvin at Fortune. In it he writes that the “standard-of-living bubble” may be about to pop. The reason? That in the wake of the housing…

Richemont Watches Its Share Price Fall

Posted by: Charles DuBow on January 23

Geneva-based luxury conglomerate Compagnie Financiere Richemont SA warned of a slowdown coming in the U.S. despite posting a third-quarter sales increase of 8% to €1.67 billion ($2.42 billion). The company,…

Will Canada Feel the Economic Freeze?

Posted by: Charles DuBow on January 22

As the markets are poised to potentially take a historic tumble, this might seem like small beer but an interesting report in the Globe and Mail this morning says that…