rich people · expensive stuff
Young billionaire Kyle Jenner is facing backlash from outraged fans after posting clips of her new $3M supercar. Jenner, 22, bought herself a brand new Bugatti Chiron, which she flaunted — and then deleted — on Instagram on Sunday, October 6. Jenner posted a video of the Bugatti, which costs a cool $3M, was all … Continue reading Kylie Jenner’s new $3M car sparks outrage
The global luxury handbags market is expected to post a compound annual growth rate of over 7% during the period 2019-2023, according to the latest market research report by Technavio. A key factor driving the growth of the market is the high influence of celebrity endorsements on purchase decisions. With increasing number of fashion-conscious consumers, … Continue reading Luxury handbags market keeps growing strong
Alibaba has bought e-commerce business, Kaola, from NetEase for about $2 billion, adding a platform that specializes in supplying curated luxury goods from abroad to domestic consumers. Alibaba, which is looking for new revenue drivers as the e-commerce market at home matures, will also invest $700 million for a minority stake in Netease’s music streaming … Continue reading Alibaba targets the luxury market
What a deal! Anbang Insurance Group Co. agreed to sell a luxury hotel portfolio for $5.8 billion to South Korea’s Mirae Asset Management Co., marking the end of the Chinese insurer’s short-lived investment in the properties. Mirae posted a 10% deposit on the portfolio this week, according to a person familiar with the matter who asked not … Continue reading South Korea’s Mirae to buy 15 U.S. hotels from China’s Anbang
Luxury demand is booming in France and Louis Vuitton is selling more products than ever before, so much that it plans to add roughly 1,500 manufacturing jobs in France over the next three years, ramping up production to feed surging demand from China and other emerging economies. While the luxury label has opened factories in … Continue reading Luxury demand is booming in France
Nicole Junkermann, founder of NJF Holdings, is a German born and London-based entrepreneur and investor. Her business career and investments are focused primarily on the crossover between the media and technology sectors. NJF Holdings includes NJF Capital, NJF Private Equity, NJF Real Estate and The JJ Collection. Nicole Junkermann is among a new group of … Continue reading Nicole Junkermann business career
Amit Sharma, Co-Founder, Director and Producer, Chrome Pictures, was in Std XI when his mother asked him if he wants to pursue modelling as a career. Considering it a viable option, Sharma started meeting people in Delhi. That’s when he came across filmmaker Pradeep Sarkar with whom he worked on an advertisement as an actor. … Continue reading Chrome Pictures Amit Sharma
