The Justice Department said the yacht, Amadea, was worth at least $300 million when it was seized in 2022 from a Russian oligarch. It’s unlikely to sell for that price.
Tag: Luxury Goods and Services
Louis Vuitton Netherlands Entangled in Money-Laundering Case
A customer’s cash purchases of luxury goods totaling millions of euros in value caught the attention of prosecutors, who say the company should have noticed.
With Bezos Wedding, Venice Braces for Love in the Time of Tech Billionaires
The celebration of Jeff Bezos and Lauren Sánchez has divided a city that centuries ago set the standard for opulence.
Hong Kong Looks for Ways to Win Back Big-Spending Tourists
A city with an image dented by protests, pandemic restrictions and a security crackdown hopes to broaden its appeal beyond budget-minded visitors from mainland China.
Luxury Fashion Brands Are ‘Biting Their Nails’ Over EU Tariffs
As tariffs on the European Union take effect, luxury goods makers are “biting their nails” over their treasured “Made in France” or “Made in Italy” products.
The Strange Case of an Hermès Heir, an Emir and a Deal Gone Wrong
Nicolas Puech agreed to sell his multibillion-dollar stake in his family’s luxury goods empire to the royal family of Qatar, but then said he couldn’t gain access to his shares.
A Journey on South Africa’s Blue Train
On a trip from Cape Town to Pretoria, a reporter grapples with the whiplash of traveling through South Africa’s two worlds, from majestic mountains to struggling shantytowns.
Why Driving in Singapore Is Like ‘Wearing a Rolex’
The city-state, where it costs up to $84,000 just for the right to own a car, is one of the most expensive places to drive. That is by design.
In Europe and Japan, Luxury Sleeper Trains
From the Lake District in England to a lush island in Japan, here’s a way to travel — and sleep — in style.
France’s Ex-Intelligence Chief Convicted in Influence Peddling Trial Involving LVMH
Bernard Squarcini was found guilty of organizing a bizarre illegal surveillance operation on a gadfly journalist at the request of the luxury company, among other offenses.