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Monthly Archives: September 2008
When the Luxury Party Stopped
Despite the biggest one day drop in the Dow since 1987, tonight in Manhattan restaurants will still be full, Town Cars will still be waiting by the curb and Champagne bottles will still be uncorked. But maybe there will be fewer orders of truffles and … Continue reading
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Taking to Drink: Nervous Investors Flock to Vintage Wine
Bad times for Wall Street. Good times for wine merchants like London’s Berry Bros. & Rudd.
Ok–this is interesting: South African wine blog Boschendal has a post citing London’s most famous wine merchant, Berry Bros. & Rudd, has one of the best weeks… Continue reading
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In Challenging Times, is Private School an Expendable Luxury?
There are many different kinds of luxury. While the recent implosion of Lehman and the fears flooding Wall Street will hurt sales of everything from Ferraris to Fendi handbags, one other sort of luxury purchase that has been overlooked is the impact on… Continue reading
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Global Wealth Down in 2008
The extremely rich don’t always get extremely richer. According to a new report from the Boston Consulting Group, global assets under management (AuM) are estimated to shrink 8% from 2007 to 2008. Victor Aerni, a partner in BCG’s Zurich office and co-a… Continue reading
Posted in Global Wealth Leave a comment
Is Luxury Market Coming or Going?
It’s easy to see why people might be a little confused about the state of the luxury market these days. In addition to my other duties here at Businessweek.com, I am also (shameless plug) participating in our new beta community site, the Business Week … Continue reading
Posted in Global Wealth Leave a comment