In an era where every fiscal decision feels magnified, Europe’s luxury brands are bracing for a rollercoaster ride prompted by recent U.S. tariffs. While some may argue that these illustrious names such as LVMH, Kering, and Hermès can remain relatively insulated from immediate shocks, the long-term repercussions hint at a far direr landscape. The high-end
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Ferrari has announced a significant price hike, with certain models seeing increases of up to 10%, or an astonishing $50,000, in response to U.S. auto tariffs. This decision is not merely a financial adjustment; it reflects the broader economic struggles of high-end automotive manufacturers under shifting political and trade landscapes. As the luxury vehicle market
The recent plunge of Kering’s shares by 10.75%—the steepest fall since 2008—is compelling evidence that the luxury market’s dynamic nature often leaves even the biggest players vulnerable. With Demna Gvasalia stepping in as the new artistic director for Gucci, the move signals Kering’s desperation to revive a brand that has significantly underperformed. The decision to
The recent announcement of former President Donald Trump’s proposed $5 million “gold card” investment visa for U.S. residency has stirred conversation among the nation’s wealthy and the global elite. While it is undeniably a steep investment, it might also signal a major shift in how high-net-worth individuals navigate U.S. residency and taxation. Those familiar with