"The best rooms have something to say about the people who live in them." – David Hicks
The NASDAQ composite hit an all-time high last week just shy of 17,000, up 127% in just 5 years. This massive wealth creation is helping to drive the luxury real estate market and impacts almost anyone invested in the financial markets, including those with a retirement account.
Luxury spending is up, and the fashion-to-furniture crossover has become an established business model.
At Milan Design Week, labels such as Ralph Lauren, Hermès, and Gucci launched new furniture collections, while others—including Loewe, Saint Laurent Rive Droite, and Issey Miyake—presented more temporal installations and collaborations. Car companies, including Bentley, Porsche, and Lamborghini — are also producing home goods and furnishings.
Buckle up on that sofa! (FT)
Comments