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February 26, 2009

A gamut of stores across the world, from Harrods, Bergdorf Goodman, Galeries Lafayette and Saks, to Topshop and John Lewis now offer personal shopping services. But if you want true personal service for your family members, who’s really going that extra mile?

Never mind the credit crunch. There are a plethora of companies, shops and membership services still aching to meet the most personal needs of the rich.  But it’s no longer just the ultra wealthy who have a queue of style advisors and concierges at their beck and call.

February 26, 2009

In an ideal world, the end of a marriage would lead to a clean financial break between a couple. The reality, however, is often far less straightforward. Despite the publicity divorce cases involving substantial assets receive, clean break cases are very much the exception.

In an ideal world, the end of a marriage would lead to a clean financial break between a couple. The reality, however, is often far less straightforward writes Sandra Davis, head of the Family Department at Mishcon de Reya.

For high net worth individuals, finality can be achieved either by reallocating capital to meet the receiving spouse's need for accommodation and income or, in longer marriages, by dividing the family's wealth to reflect the couple's contributions to the marriage.

January 29, 2009

To some, it may sound like an odd pairing. Owner of the family-controlled Marriott hotel chain Bill Marriott is jumping into bed with king of the hipper than thou boutique hotel Ian Schrager.

To some, it may sound like an odd pairing. Owner of the family-controlled Marriott hotel chain Bill Marriott is jumping into bed with king of the hipper than thou boutique hotel Ian Schrager. Their new $2.8 billion joint venture, recently named Editions, is a chain of fashionable, affordable hotels which promises not to look like a chain and has made a commitment to environmental responsibility.

January 28, 2009

Members of the Porsche and Piëch families gathered in Stuttgart on Wednesday to celebrate the opening of the new Porsche museum.

Members of the Porsche and Piëch families gathered in Stuttgart on Wednesday to celebrate the opening of the new Porsche museum.

It will open to the public on 31st January, and has been called anything from Porsche’s new business card to a cathedral celebrating the iconic luxury sports car brand.

Designed by Roman Delugan it is entirely white in colour and has an exhibition area that appears to hover in space. Inside, 80 historic vehicles and more than 200 carefully arranged small exhibits from the company’s past are displayed over 5,600 square meters.

January 5, 2009

Waterford Wedgwood, the luxury lifestyle group controlled by Sir Anthony O’Reilly and family, has called in receivers and requested that its stock be suspended from trading.

Waterford Wedgwood, the luxury lifestyle group controlled by Sir Anthony O'Reilly and family, has called in receivers and requested that its stock be suspended from trading.

The board of directors has been looking to recapitalise the business for some time as it has struggled to pay back its debts. However, following the expiration and non-renewal of the forbearance period, some of the group's companies have now been placed into receivership or will shortly be placed into administration.

November 17, 2008

Family-owned clothing company Brioni is looking at the possibility of outside investment as the credit crunch hits the luxury retail sector.

Family-owned clothing company Brioni is looking at the possibility of outside investment as the credit crunch hits the luxury retail sector.

It is being reported that the Italian company, famous for kitting out James Bond, has appointed BNP Paribas to advise it on an expansion plan, which includes putting a 20–25% stake up for sale.

"This is a family company. We need to think about the future and ways to develop the brand," Antonella De Simone, Brioni's co-chief executive officer and descendent of one of the founders, was quoted as saying.

November 1, 2008

Bill Fischer promises to get his famous clients whatever they want, whenever they want it. Margie Goldsmith meets the man who refuses to take “no” for an answer ...

It's two days before Christmas and you'd kill to spend the holiday in the trendiest hotel in St Barts, but it's been sold out for over a year. You're in Manhattan, salivating to have dinner at a hip Union Square Café, but it's booked solid for the next two months. You forgot all about your anniversary, and you'd do anything to charter a private yacht on one week's notice, but nothing's available.

November 1, 2008

Amit Bhatia is one of a growing number who are investing in their own sports team. However, Lakshmi Mittal’s son-in-law explains why it’s not about money to Marc Smith

While many wealthy individuals are happy to leave their lifestyle investments at the latest sports car or superyacht, some prefer to pour their money into what is rapidly becoming the ultimate status symbol – buying a sports team.

From George Steinbrenner's purchase of baseball's New York Yankees to Mukesh Ambani's Mumbai Indians cricket team, the world of sport is awash with billionaires hoping to create an intoxicating but often elusive mixture of profit and sporting success.

November 1, 2008

The intricate and imaginative designs of a fourth-generation Mumbai-based jeweller are becoming increasingly sought after the world over, writes Claire Adler

Most people, even those who adore luxury, have never even heard of Viren Bhagat. But at a Christie's auction in 2006 in New York, an elaborate pair of earrings from the hands of this 50-year-old Indian contemporary jewellery designer were estimated at $150,000 to $200,000. They ultimately fetched a cool $307,000.

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