Category Archives: Luxury goods sector

Calling all billionaires: here’s how to keep your superyacht Covid-free

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As the rich and famous isolate on the seas, a new catamaran is designed to keep the virus out

It is a problem not many us have to consider: how to ensure your multimillion dollar superyacht remains a coronavirus-free zone despite taking on board crew from around the world.

But for the billionaire owners of floating luxury homes there is now a solution – a very expensive one, naturally. An Australian naval architecture firm is launching a new double-hulled support vessel, in which new crew and guests can isolate while they await coronavirus test results from onboard medical staff.

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Spanish Puig snaps up Charlotte Tilbury makeup empire

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Barcelona-based firm is thought to have fought off bids from Unilever, L’Oréal and Shiseido

The celebrity makeup artist Charlotte Tilbury has handed a control of her namesake makeup and skincare empire to a Spanish fashion and fragrances business in a deal that could have valued the company at up to £1bn just seven years after she started it.

Tilbury, 47, personally owned between half and 75% of the company until signing a deal with the Barcelona-based Puig will likely have handed her a cash payout worth tens of millions of pounds. The Spanish firm also owns brands including Paco Rabanne, Jean Paul Gaultier and Nina Ricci.

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Diamond as big as a tennis ball makes Louis Vuitton debut in Paris

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1,758-carat Sewelô snapped up by luxury brand is world’s second-largest rough diamond

Louis Vuitton has made a splash as it showed off its latest purchase: the world’s second-largest rough diamond.

The LVMH-owned brand, which announced last week that it was the new owner of the 1,758-carat Sewelô, displayed the glinting, blackened stone at its Place Vendôme store in Paris.

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Britons have spent £4bn stockpiling goods in case of no-deal Brexit

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Research suggests one in five people have a food, drinks and medicine hoard worth £380

Britons have spent £4bn stockpiling goods in preparation for a possible no-deal Brexit, new research suggests.

One in five people are already hoarding food, drinks and medicine, spending an extra £380 each, according to a survey by the finance provider Premium Credit. The survey found that about 800,000 people have spent more than £1,000 building up stockpiles before the 31 October Brexit deadline.

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Kylie Jenner celebrates birthday on £1m-a-week superyacht

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Cosmetics billionaire and reality TV star boarded vessel in Italy for 22nd birthday

Kylie Jenner, the Keeping up with the Kardashians reality TV star whose eponymous cosmetics empire has turned her into the world’s youngest billionaire, will this weekend spend more than £1m on a party to celebrate her 22nd birthday onboard a $126m (£104m) superyacht.

Jenner has chartered the 91.5m (300ft) yacht Tranquility, which features a swimming pool, jacuzzi, sauna, Turkish bath, an “experiential shower”, a cinema and helicopter landing pad, to party in the Mediterranean this weekend.

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Super-rich sabbatical: the boom in luxury long breaks for the 1%

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From shark swims to snow leopard treks, a tailored trip of up to a year is now a must-have

The super-rich are going on sabbatical. It turns out having bucket-loads of money can be stressful, leading some of the world’s richest people to take a break for a month or so, or even a year, to escape the pressure of managing their businesses or personal fortunes.

Tom Barber, the founder of the London-based travel agency Original Travel, said so many super-rich customers had asked his firm to arrange bespoke trips ranging in duration from one to 12 months that his firm was launching a special division dedicated to sabbaticals for the 1%.

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