Hermes and Cartier were the first brands to announce such moves, shortly followed by Chanel, Kering, and LVMH. Via a LinkedIn post, French fashion house Chanel said, "Given our increasing concerns about the current situation, the growing uncertainty and the complexity to operate, Chanel decided to temporarily pause its business in Russia.” Meanwhile, luxury goods […]
In an email to Ukrainian Tesla owners published by Electreck, Musk’s EV company announced that it would drop the fee for its supercharging stations in countries directly surrounding Ukraine. Both Tesla and non-Tesla EVs can be charged without cost in Poland, Slovakia, and Hungary. “We hope that this helps give you the peace of mind […]
As sanctions against Russia increase following its unprovoked attack on Ukraine, the nation’s billionaires with ties to President Vladimir Putin are moving their luxury superyachts to avoid having them seized. As reported by CNBC, data from Marine Traffic shows that at least four luxury superyachts owned by Russia’s wealthy are currently being relocated to safer […]
Oil giant Shell has announced it will exit its joint ventures with Russian energy giant Gazprom, just a day after BP said it planned to divest its nearly 20% stake in the Russian oil company Rosneft. Shell’s decision will see the oil giant pull out of its 27.5% stake in Gazprom, its 50% stake in […]
“Elon Musk, while you try to colonise Mars — Russia try to occupy Ukraine! While your rockets successfully land from space — Russian rockets attack Ukrainian civil people!" Ukraine’s vice prime minister, Mykhailo Fedorov, tweeted. Internet connectivity in Ukraine has been heavily impacted by the Russia invasion, particularly in the south and east of the […]
We speak with Alexandra Kobler who currently serves as the CEO of Die Bodenschmiede - a flooring company in the building industry. After more than 20 years in management positions and most recently as a manager for KPMG, Alexandra founded Bodenschmiede in 2017 and now has 40 employees and freelancers working for the company. With a turnover of just under 5 million, the company is among the top 3 players in the field in Germany.
Rihanna’s Clara Lionel Foundation (CLF) has joined forces with former Twitter CEO Jack Dorsey’s #StartSmall initiative to donate a combined $15 million to 18 different climate justice groups. The grants will be awarded to organisations that focus on and are led by “women, youth, Black, Indigenous, people of colour and LGBTQIA+ communities” in the United […]
On Thursday, Mitsubishi Heavy Industries announced plans to work with Japan’s atomic energy agency to provide technical assistance to American start-up TerraPower, run by billionaire Microsoft co-founder Bill Gates. The start-up aims to build a next-generation nuclear reactor in Wyoming. TerraPower plans to build its plant in the US state by 2028, using a new […]
Billionaire Richard Branson’s 125-acre Moskito Island in the British Virgin Islands is the perfect location for a luxury getaway. The resort boasts a trio of estates: the Branson Estate, the Oasis Estate, and the Point Estate, each offering its own unique experience. The Branson Estate — named after its founder — is perched on a dramatic […]
Louis-Dreyfus had been attempting to sell a stake in agricultural commodity trading house Louis Dreyfus Co after she borrowed over $1 billion from Credit Suisse Group AG to buy out family members. The heiress had over $400 million of debt due by the end of 2020. However, since then, Louis-Dreyfus has sold 45% of Louis […]
On Monday, Ferrari’s new chief executive Benedetto Vigna announced a new team to sharpen the company’s technology focus and product exclusivity as it pushes toward electrification amid increasing demand. In a statement, it was announced that functions including “Product Development and Research and Development”, “Digital and Data” and “Technologies and Infrastructures” will from now on […]
Whether you’re looking to work in the sunshine, spend time with your family, or enjoy a romantic break, the Caribbean’s marble-white beaches, breathtaking views, and year-round warmth make it an excellent choice of location. And if you’re looking for luxury, there’s no shortage of options for you on these mesmerising islands. In no particular order, […]
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