Brilliant Cut
Knowing is a luxury | 6.09.25
Just the right amount of hand-picked luxury marketing news and market intelligence
:: FACETS ::
→ (WSJ) Luxury Brands Are Paying for Over-the-Top Price Hikes: Companies that raised prices the most during the pandemic are now reporting disappointing numbers. Read more
→ (CNBC) JPMorgan Chase is heading upmarket to woo America’s millionaires: JPMorgan is set to unveil 14 new format branches — each acquired when JPMorgan took over First Republic in 2023 — in tony ZIP codes in New York, California, Florida and Massachusetts. Read more
→ (Fashion Network) UK and US buyers snap up used Rolex and Patek Philippe ahead of tariffs: Watch enthusiasts snapped up used Rolex SA and Patek Philippe SA timepieces at the end of April, splashing out before possible tariffs from U.S. President Donald Trump. Read more
→ (Hypebeast) Hermès Debuts $15K USD Headphones Crafted by Its Bespoke Ateliers Horizons: Inspired by the Kelly bag, featuring hand-stitched leather and metallic finishes. Read more
→ (Grazia) Haute Spots: Inside The Most Unique Luxury Fashion Stores Around The World: Brick-and-mortar stores never looked so good. Read more
→ (Jing Daily) How Burberry is rebuilding its future around timeless British luxury: In a market environment dominated by short-term gains, Burberry is taking a long-term view — returning to its roots and redefining its future through the lens of ‘timeless British luxury.’ Read more
→ (Wallpaper) Carine Roitfeld on the magic of Dior: The legendary fashion editor has teamed up with photographer Brigitte Niedermair on a special look into the famed French house's archives as part of the UBS House of Craft in New York. Read more
→ (CNBC) Inside Wealth Wealthy inheritors plan to fire their parents’ wealth advisors: Eighty-one percent of younger people who are set to inherit large wealth from their families plan to replace their parents’ wealth management firms. Read more
→ (WSJ) Shop Slow, Spend More: The Retailers Hoping That Customers Linger: Retailers are adding VIP lounges, coffee bars and lawns to locations to get shoppers to stay longer. Read more
Flash Stats: In North America, the ranks of those with at least $1 million in investible assets grew by 7.3% to 8.4 million last year, up from 7.9 million in 2023. As the S&P 500 rose more than 23%, the wealth held by these rich folks grew 8.9% to nearly $30 trillion, up from $27.5 trillion a year earlier. Slower wealth growth outside North America shows the numbers of wealthy individuals globally rose by only 2.6% last year to 23.4 million—that compares with a 5.1% gain in the number of wealthy people the year before to 22.8 million. - Capgemini’s 29th annual World Wealth Report
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