The economic impact of the coronavirus has dramatically thinned the ranks of the world’s ultra wealthy, despite a rebound triggered by government financial aid, according to this year’s Wealth-X Ultra Wealth report.
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The new “luxury” may be advanced personalized emails this holiday season. For emerging luxury brands, the pressure to compete with heritage brands in the coming weeks may be heavier than ever.
Even the world’s wealthiest have been impacted by the economic repercussions of the coronavirus pandemic, as it has accelerated many trends within the billionaire community including polarization and philanthropy.
Although uncertainty persists among luxury investors about economic and political issues, the market ended September on a positive note.
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NEW YORK – As the coronavirus pandemic recovery continues, there is a growing population of high-net-worth individuals that luxury brands can engage with in the future.
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Kenzo Takada, the French-Japanese designer and founder of his eponymous luxury label, has passed away at the age of 81.
NEW YORK – As luxury travel brands work to respond to the coronavirus pandemic, companies that offer sanctuary to ultra-high-net-worth individuals have risen above the fray.
