Covid-19 essentially robbed the country of more than a year of badly needed economic growth. That’s lost ground that cannot be regained quickly.
Tag: Luxury Goods and Services
Armed Thieves Steal Jewels From Bulgari Store in Paris
A suspect is in custody after seven robbers made off with jewelry with an estimated value of millions from the luxury jewelry store in central Paris.
Netflix Chronicles Byron Bay’s ‘Hot Instagrammers.’ Will Paradise Survive?
Tensions between protecting and capitalizing on the image of the famous Australian beach town have exploded over a new reality show.
Sotheby’s Reports $2.5 Billion in Sales
The auction house says that figure reflects a “resilient” market amid the coronavirus. But it represents a 25 percent decrease in auction sales, analysts say.
Unfamiliar Territory for Indian Bridal Industry
From altering their production schedule to shifting to e-commerce, many Indian fashion brands are adapting in order to stay afloat during the pandemic.
The Seas as the Ultimate Coronavirus Isolation? Not. So. Fast.
Folks who live on boats face off with land they can’t set foot on, staring down logistical hurdles, ethical issues and social media harshness.
Luxury’s Hidden Indian Supply Chain
For many years Dior, Saint Laurent and other fashion brands have been quietly using Indian embroiderers for their goods, depending on their expertise while offering little in the way of employment protection.
Shuttered Stores, Fewer Tourists: Luxury Feels Coronavirus Effects
Luxury retail is dependent on Chinese buyers at home and abroad, and it is now facing a crisis.
A French Wine From China? This $300 Bottle Is the Real Thing
A Rothschild estate in Shandong Province has released its first vintage. It was 10 years in the making.
How North Korea’s Leader Gets His Luxury Cars
Kim Jong-un parades around in Mercedes-Benzes and a Rolls-Royce, despite sanctions intended to keep North Korea from importing luxury goods. We tracked how they get there.