Author: loic D

It was only a few years ago that record numbers of high-income New Yorkers were fleeing the Big Apple. Oh, how times have changed. About 545,000 New York City residents packed up and moved to other parts of the country in 2022. A staggering 90,000 New Yorkers headed south to Florida, according to census data. As of last month, the state’s population had exceeded 23 million, and it has added between 350,000 and 375,000 new residents each year for the past decade. But a new report from real estate platform PropertyShark reveals that wealthy Floridians are starting to change course,…

Whether you’re looking to refine your business model, master new technologies or discover strategies to capitalize on the next market growth spurt, Inman Connect New York will prepare you to take a bold step. Your next chapter is about to begin. Join us and thousands of real estate industry leaders from January 22-24, 2025. The U.S. luxury real estate market is expected to perform better in the first half of 2024 than in the first half of 2023, according to the Midyear Luxury Real Estate Report from Coldwell Banker, Compass and Sotheby’s International Realty. The number of ultra-luxury homes (over…

The key unanswered question is how this happened.Perini Navi Press Office/Handout/EPA-EFE/Shutterstock The Baysian luxury yacht sank off the coast of Sicily on August 19th.What started as a celebration on a luxury yacht off the coast of Sicily ended in tragedy on Monday, August 19. The 183-foot-long Baisian is said to have quickly sunk beneath the waves of the Tyrrhenian Sea after what the Italian Coast Guard called a “ferocious storm.” Authorities said there were 22 people on board the boat, including 12 passengers and 10 crew members.Fifteen people were quickly rescued after the Baysian sank, and by Friday, August 23,…

Thirty years after the fictional Ewing family left the famed Southfork Ranch after filming on the hit TV show “Dallas” wrapped, the property is one step closer to acquiring a luxury home site near the ranch mansion.Farmers Branch-based Centurion American Development Group, which has owned 241 acres since 2022, received unanimous approval from Parker’s city planning and zoning commission to move forward with plans to develop 89 two-acre parcels beside the Southfork Ranch mansion.Centurion still needs to present its plans to the Parker City Council, but the decision made Thursday by the city’s Planning and Zoning Commission advances the company’s…

Insight August 23, 2024 Recent labor laws, workplace safety regulations, and antitrust enforcement have created an increasingly complex regulatory environment for employers in the luxury retail industry. Companies must navigate a variety of compliance challenges at the state and federal levels, including the Occupational Safety and Health Administration’s (OSHA) new “union walk-around” rules and evolving employment laws, such as fair work weeks and pay disclosure requirements. Employers face increased antitrust scrutiny from agencies such as the U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC), state antitrust regulators, and private plaintiffs, and as such must comply with new…

Joseph Donu wanted to surprise his wife, Victoria, with a memorable anniversary weekend this summer. The Spring Hill couple had just welcomed their second child and celebrated their 18th wedding anniversary. “I wanted my wife to feel special,” he says. Donu spent the weekend at the Tampa Edition on Water Street, the city’s first five-star hotel. He then called Rebecca Jones, owner of Sharp Exotics Luxury & Exotic Car Rentals. He chose a blue Lamborghini Huracan for the weekend drive.Lamborghini Huracan. [ Photo courtesy of Sharp Exotics Luxury & Exotic Car Rentals ]Jones delivered the car to Edition in time for Donu…

The global luxury goods market is anticipated to cross USD 375 Billion by 2029 with 5.69% CAGR by 2024-29.Luxury goods have long been symbols of status, taste, and wealth. From time-honored fashion houses to boutique artisans, the world of luxury is synonymous with quality, craftsmanship, and a sense of exclusivity. One of the most defining characteristics of luxury goods is their exceptional craftsmanship. Luxury brands invest significant time and effort into perfecting their products, often relying on centuries-old techniques and the expertise of highly skilled artisans. According to the research report, “Global Luxury Goods Market Outlook, 2029” published by Bonafide…

A body believed to be Mike Lynch’s 18-year-old daughter has been found in the wreckage of a luxury yacht off the coast of Sicily, meaning all missing passengers have now been found. The Italian coast guard said on Friday that the sixth and final person missing from the sinking vessel, the Baisian, has been found. Vincenzo Zagarola of the Italian coast guard said the search for the Hanna had been “neither easy nor quick” and likened the sunken yacht to “an 18-storey building filled with water”. Lynch, his daughter Hannah, Morgan Stanley International Bank Chairman Jonathan Bloomer and his wife…

Singapore-based Resorts World Cruises is expanding its services to the Middle East, introducing boutique cruise ship Resorts World One (RW1) to Dubai. RW1 will begin a six-month deployment in the Arabian Gulf and Gulf of Oman from 1 November, writing a new chapter in luxury maritime travel.Resorts World One offers Dubai travellers a fresh and luxurious way to explore the region’s beautiful coastal destinations. The cruise ship’s itinerary includes calls at Sir Bani Yas, Doha, Khasab and Muscat, allowing passengers to experience the beauty and culture of the Arabian Peninsula from a unique perspective.Resorts World One promises to be more…

“Off the Cuff” explores the career paths, current projects and next steps of the people shaping the world’s greatest luxury brands.The interviews have a Proustian twist, allowing readers to get to know industry leaders on a personal level.Preview the Q&A series below. Mari Colella, general manager of global luxury and sneakers at eBayMari Corella for eBay | LD: What was your first job and what did you learn from it?MC: My first job was buying vintage clothes from thrift stores and selling them to thrift clothing stores for a profit.This was the 1990s, before eBay existed and reselling was not…