Amid the rising costs of many everyday items, consumers rethought their spending habits and priorities when it comes to this year’s holiday shopping. The U.S. Bureau of Labor Statistics report titled “Consumer Price Index Summary” found that consumer spending on groceries has increased by 2 percent, the cost of shelter has increased by nearly 7 … Read more
GUCCI‘S UNICEF DONATION: Gucci is committing 300,000 euros to UNICEF’s education thematic fund on behalf of creative director Sabato De Sarno and its employees. The goal is to support UNICEF’s education programs to ensure that every child has the fundamental right to quality education, focusing on the world’s most vulnerable communities. In a statement, Gucci … Read more
LONDON — Frasers Group has purchased Matches in a deal valued at 52 million pounds, the retailer confirmed on Wednesday. The deal will be settled in cash using Frasers’ existing reserves and facilities. “Matches has always been a leader in online luxury retail and has incredible relationships with its brand partners. This acquisition will strengthen … Read more
It’s been a stellar year for the travel industry, according to Morning Consult. The market research company, in a new report entitled “2023 Holiday Travel Trends,” summarized the year by stating: “leisure volume soared, airplanes were packed, and hotel bookings were high.” But heading into the year-end peak travel season, consumers are showing increased price … Read more
Just as museums have wised up to the advantages of having an editorial edge, so too have auction houses with their content, catalogues and marketing. In line with that ideology is the addition of Kristina O’Neill to Sotheby’s roster of full-time employees. The former editor in chief of the Wall Street Journal’s luxury lifestyle publication … Read more
José Neves was always astute as a dealmaker — making one fashion connection after another as he built Farfetch up from a Great Recession start-up to a luxury platform. Along the way, Neves, who leads the company as founder, chairman and chief executive officer, cut deals with Compagnie Financière Richemont, Alibaba, Neiman Marcus Group, the … Read more
Our planet is changing. So is our journalism. This weekly newsletter is part of a CBC News initiative entitled “Our Changing Planet” to show and explain the effects of climate change. Keep up with the latest news on our Climate and Environment page. Sign up here to get this newsletter in your inbox every Thursday. This week: Christmas … Read more
The Spanish town of Marbella, on the country’s south coast, is popular among overseas buyers. Artur Debat | Moment | Getty Images There are three European countries that are “perennial favorites” for people to buy a vacation home, according to Kate Everett-Allen, a partner at real estate firm Knight Frank. France, Italy and Spain all … Read more
Thirty years ago, an 11-day space shuttle mission involving seven veteran astronauts performed the first servicing mission to correct the Hubble Space Telescope’s blurred vision. The unprecedented flight involved five spacewalks and would not have been possible without the assistance of the shuttle’s robotic Canadarm. The multi-billion dollar Hubble Space Telescope was a crown jewel … Read more
I don’t know about you, but these days I don’t have much of a need for a full-size purse. Maybe it’s with cards very much taking over from cash in a contactless world, or perhaps it’s because my handbags seem to be getting miraculously smaller and smaller. Either way, I’m all about carrying just the essentials whenever … Read more
