The Lux Authority

Business & Wealth

Dubai’s Property Market Cracks, But UAE Investors Remain Bullish

Business & Wealth

US Luxury Home Market Is Being Reshaped by Inheritance, Family, and a Fear of Being Watched

Gucci Sales Drop 14% and LVMH Records Worst Start to Year on Record Amid Luxury Headwinds

Europe’s luxury conglomerates reported their most damaging quarterly results in years in mid April, with LVMH, Kering and Hermes all citing the ongoing conflict in the Middle East as a material drag on first quarter performance and leaving investors bracing for a sector recovery that has now failed to materialise for the third consecutive year.…

April 30, 2026April 30, 2026

Alex Eubank’s Net Worth and Fitness Empire: Everything to Know

Alex Eubank’s net worth is the product of an unusually authentic origin story: a teenager from Baltimore who turned a battle with low self-esteem into a physique, and that physique into a multi-platform content and business operation worth millions. As of 2026, Alex Eubank’s estimated net worth is approximately $3 million to $5 million, built…

April 25, 2026April 25, 2026

Watches and Wonders Geneva Delivers Historic Edition as Rolex Marks 100 Years of the Oyster

Watches and Wonders Geneva wrapped up its 2026 edition this week as one of the most commercially and aesthetically significant events in the fair’s history, with over 65 brands exhibiting and a wave of debuts that have already generated secondary market activity before some pieces officially ship. Rolex set the tone by using the occasion…

April 21, 2026April 21, 2026

Dior and Chanel Are Rebuilding the Ladder They Destroyed, and It Will Not Be Easy

The math of the post-pandemic luxury boom tells the story of the problem that Dior and Chanel now have to solve. Between 2020 and 2023, average price hikes across the luxury sector reached 36 percent. Dior raised prices by 51 percent over that period. Chanel went further, lifting prices by 59 percent. The Chanel medium…

April 8, 2026April 8, 2026

LVMH Posts Worst Quarter in Its History as Iran War Rewrites the Luxury Investment Thesis

Bernard Arnault’s empire has not faced a quarter this damaging in the company’s entire recorded history. LVMH shares fell 28 percent in the first quarter of 2026, surpassing losses registered during the global financial crisis of 2008, the Covid-19 pandemic of 2020 and the dot-com crash of 2001. Bloomberg’s analysis stretching back to 1989 found…

April 8, 2026April 8, 2026

Koenigsegg Jesko For Sale: $4.3-$5.7 Million, 7 Live Listings, Comparison

March 22, 2026April 20, 2026

Ferrari 296 Challenge Stradale, Worth Over $500,000, Spotted Testing On Public Roads

February 18, 2026February 22, 2026

Ferrari Amalfi Unveiled: Price, Interior and Specs

December 23, 2025December 23, 2025

Fashion

The Rich Don’t Drive the Luxury Sector

July 9, 2016 TLA Editors0

Via businessoffashion.com LONDON, United Kingdom — If luxury spending was indeed driven by the rich, the luxury industry would be a niche sector serving a fortunate few, rather than a dynamic, global business selling to a consumer market measured in millions. During the past 50 years, a wave of luxury goods consumption has swept across key geographies […]