luxury

Laopu Gold sales, profit beat as gold rally fuels demand

Net income climbs 230% to 4.87 billion yuan, in line with forecast

Low levels of vacancy on popular shopping streets have put pressure on prime rents, which grew by 3.5% last year.

Luxury brands from LVMH to Kering defy slowdown with more new store openings in Europe

Fragrances have been particularly popular due to their lower price point when compared to items such as jewellery and watches

Few shoppers are heading to the sprawling Dubai Mall at the base of the Burj Khalifa as the US-Israel-Iran conflict drags on.

In Dubai, the world’s luxury brands face a wartime crisis

Sales in the Middle East will be cut in half in March amid a sharp drop in foreign visitors, a report finds

In a world that seems increasingly dangerous, contingency plans are more important than ever.
TRAVEL

Exit strategy: Tips from the high-stakes world of luxury travel fixers

Amid wars and uncertainty, travellers need to be prepared for the worst

Leela has 23 hotels across India, including properties under development, and plans to expand to at least 35 hotels over the next five to seven years.

India’s Leela Palaces pins fiscal 2027 growth on luxury room shortage, affluent demand

The supply of luxury hotel rooms is limited at around 30,000 keys in the world’s most populous country, according to its CEO

High Star Ranch is set along the Uinta Mountains that has trails for horseback riding, mountain biking and hiking and fishing ponds.

High Star plans US$100 million bond sale for luxury Utah resort

The development plan includes 168 single-family residences, 150 condos along with 45,000 square-feet of retail space within the condo building

A separate index tracking pre-owned Patek Philippe prices has gained 18% since the start of 2025, compared with a 10% rise in the Rolex index, according to Subdial

Top-tier Patek Philippe models drive gains in second-hand market

Subdial also says that the steep rise in raw material prices, including gold and silver, was affecting the market

L’Oreal has proven resilient to the consumer slowdown in part because of its broad range of offerings, from specialist skincare products to mass-market makeup.

L’Oreal sales lag estimates on soft performance at Luxe division

Its results improve in the second half of 2025, but are curbed by a slump in the travel retail business in Asia

Horses rule hongbao this year.
CHINESE NEW YEAR

Horsing around: 12 fabulous red packets to collect this Year of the Horse

Feast your eyes on the gorgeous designs this festive season

Consumer confidence in China, which accounts for about a quarter of luxury spending, has been hit by a prolonged property crisis and job concerns.

China luxury market forecast to rebound in 2026: Bain

This is due to a growing middle class, rising consumer confidence and policy measures that spur domestic consumption