luxury

The mystery renter who snagged the Hamptons’ priciest summer rental is financier Ian Snow, a source told us exclusively. The Post previously reported that developer Joe Farrell’s Sandcastle estate in Bridgehampton was going for $2 million from March through Labor Day, making the luxury property the East End’s priciest ever. At the time, Farrell said …

DAKAR, Senegal — The twisting metallic skyscrapers planned for Akon City look like they could sprout on Mars in the distant future – blueprints that scream: Bring your hoverboard. But Akon, the R&B singer who split his youth between this West African country and New Jersey, said his $6 billion eponymous development project will transform …

Nearly five months after shutting their doors, some of the Big Apple’s fanciest hotels are starting to take reservations again, buoyed by signs of pent-up demand from cooped-up New Yorkers. Gone are the tourists and business travelers, and in their place are bored suburbanites looking to celebrate a birthday or spice up a staycation — …

The COVID-19 NYC exodus has driven Hamptons real-estate prices to record highs. Now the Southampton house which Brad Pitt and Angelina Jolie famously rented in 2009 — and where rumors swirled that Jolie was spotted relaxing nude — is on the market for $15.5 million. The gated estate on Ox Pasture Road in Southampton Village’s …

Ferrari trimmed its full-year earnings forecast on Monday after second-quarter income fell 60 percent due to the impact of the coronavirus pandemic, but said orders were “very strong,” sending the luxury carmaker’s shares up nearly 4 percent. Chief Executive Louis Camilleri told analysts that last quarter’s order book was up double digits (percentage) in absolute …

Michelle Smith, who founded popular fashion line Milly, announced she’ll launch a “luxury” line, and an eponymous Web site has been created, stating “coming soon Fall 2020.” Milly — which Smith started with her ex-husband Andrew Oshrin — was sold to S. Rothschild last year. Michelle Obama was a fan and wore the brand for …

French luxury goods giant LVMH, owner of Louis Vuitton, is not asking to renegotiate its $16.2 billion acquisition of US jewelry chain Tiffany & Co. after deliberating whether to do so, people familiar with the matter said Friday. LVMH chief executive Bernard Arnault had been in talks with his advisers this week to identify ways …

He’s still rolling in dough. Disgraced Papa John’s founder John Schnatter is serving up yet another slice of controversy with a bizarre series of TikTok videos that flaunt his massive collection of bling. The pizza baron was infamously ousted from his own company in 2018 for dropping a racial slur during a video conference and …

The global luxury goods sector is heading for a stunning collapse of up to 35% this year due to coronavirus lockdowns, according to a new study by the Bain consultancy published Thursday. Bain Partner Claudia D’ Arpizio said it would take two to three years to return to 2019 global sales of around 281 billion …

Neiman Marcus filed for bankruptcy Thursday, blaming the coronavirus for spoiling its turnaround and forcing it into a restructuring. The Dallas-based luxury chain became the second major retailer to declare bankruptcy this week, following J.Crew’s Monday Chapter 11 filing, as the pandemic kneecaps the industry. Neiman said it reached a restructuring deal with most of …