Author: loic D

Luxury consumers are evolving and brands need to respond to their changing purchasing habits.According to a 2024 report from Bain & Company, Gen Z consumers, born between 1997 and 2012, will account for nearly a third of luxury purchases by 2030, while millennials, born between 1981 and 1996, will account for more than half of luxury purchases.Gen Z in particular is expected to be the largest and most affluent generation, which could boost luxury sales across retail, travel and technology, according to Piper Sandler.”Gen Z is only just entering adulthood, so they appear to be the fastest-emerging new generation in…

Divers searching for passengers aboard a luxury superyacht that sank earlier this week found four bodies off the coast of Sicily on Wednesday, the Italian coast guard said. A fifth body has been found and is due to be recovered on Thursday, but one person remains missing.Diving crews brought body bags to the port of Porticello, Italy, but the identities of the dead are yet to be confirmed.The yacht sank after being caught in an unexpected and violent storm on Monday. The ship’s chef was rescued on Monday.Among the six passengers who went missing on Monday were British tech tycoon…

According to a new study by Zillow, the average “luxury” home in the Las Vegas Valley costs roughly $1.58 million. Zillow’s research defines luxury homes as the top 5 percent of homes for sale in an area that are most valuable — the average price for a prime property in the valley is $1.58 million — and luxury home prices have risen 7.5 percent in the area over the past year. In fact, luxury home prices in Silicon Valley are rising at a faster pace than mid-range homes,” says Mark Staton, senior public relations specialist at Zillow. “Luxury homes that…

PORTICELLO, Sicily — Divers recovered four bodies Wednesday from inside a superyacht that sank in a sudden storm off the coast of Sicily, Salvatore Cocina, head of the island’s civil defense, confirmed to NBC News. Kosina later confirmed to Sky News that a fifth body had been found and brought to shore, while one passenger remained missing.The identities of the bodies were not immediately released. The recovery came after days of searching in deep waters off the coast of Italy, where British technology tycoon Mike Lynch and several others are believed to be trapped in the hull. Fifteen of the…