Nicolas Puech is an heir to the Hermès fortune whose riches are shrouded in mystery. He either is or is not a billionaire, and may or may not have a sizable stake in his family’s luxury brand, depending on when…
Tag: Luxury Goods and Services
Luxury Fashion Brands Are ‘Biting Their Nails’ Over EU Tariffs
A mere month ago, luxury businesses were looking forward to a new era of deregulation, lower taxes and a booming stock market — and dreaming of well-heeled buyers splurging on opulent ball gowns and statement watches. Instead, as the Trump…
Kristi Noem’s Rolex at El Salvador Prison Draws Attention
What do you wear on a visit to one of the world’s most notorious prisons? If you’re Kristi Noem, the homeland security secretary who visited El Salvador’s massive Terrorism Confinement Center on Wednesday, the answer was a white long-sleeve top,…
Why Driving in Singapore Is Like ‘Wearing a Rolex’
Andre Lee bought a used Kia Forte to boost his career as an insurance agent in Singapore. In his mind, he saw himself zipping across town in his black coupe, impressing potential clients. “It’s the same as being dressed in…
France’s Ex-Intelligence Chief Convicted in Influence Peddling Trial Involving LVMH
In the packed Paris courtroom, the corporate magnate portrayed himself as a successful business leader who had labored to turn LVMH into the world’s top luxury conglomerate, with 75 brands, including Louis Vuitton and Dior, and 200,000 employees worldwide. When…