Last Updated Stories in LUXURY

26/11: Terror recall

"Just as 9/11 entered the dictionary of terror, so too will 26/11, the day which will go down as Mumbai's darkest hour, when terrorists laid siege to the city's roads, railway station, hospitals and two of its best...

Hermes breeds their own crocodiles to meet bag demand

French fashion giant Hermes has decided to open their own crocodile farms in Australia to meet the heavy demand for their handbags made of crocodile skin. Customers who order these bags, some at over $48,000 US, can...

DCA: Is this the cure for cancer?

" "If it sounds too good to be true, it probably is." The key word here, though, is "probably." Two years ago, I blogged about a promising new drug that held out hope for a major breakthrough in the treatment...

Chavez bans “luxury” in Venezuela’s government

The tough economic times have not escaped the government of the president of Venezuela Hugo Chavez. Venezuela’s economy is very dependent on oil sales, and with the prices of oil plunging, Chavez says his...

Saks Sacks 1,100 Employees

Saks is cutting 1,100 employees by the end of January, or about 9% of its total workforce, in an effort to reduce company costs as the unstable economy continues to wreak havoc upon the retail industry.  The...

Citigroup upgrading mile-high club

What can I say?"Beleaguered Citigroup is upgrading its mile-high club with a brand-new $50 million corporate jet - only this time, it's the taxpayers who are getting screwed. Even though the bank's stock is as cheap as a gallon of gas and it's burning through a $45 billion...

Hillary To Don Oscar De la Renta for Inaugural Ball

Oscar de la Renta has divulged details about the gown Hillary Clinton will wear to the inaugural ball on Tuesday. The future Secretary of State will wear a custom piece by the renowned designer, who also...

More Job Cuts Expected at Conde Nast

It wasn't too long ago that Condé Nast cut a number of jobs, shut down underperforming magazines and canceled promotional events in an effort to conserve funds in the wake of global economic uncertainty, and now...

Bag, Borrow or Steal: Designer Accessories for Rent

In the face of a recession, fashionable shoppers are opting to rent designer handbags, jewelry and other accessories from websites like Bag, Borrow or Steal.  The Sex and the City movie popularized Bag, Borrow...

Chanel Cuts 200 Jobs

Chanel announced they will cut 200 jobs, or 10% of its work force, on New Year's Eve day this year.  The layoffs will affect all staff on fixed and temporary term contracts. Many predicted that luxury brands...

Valentino Ordered To Pay $44 Million For Tax Evasion

Retired fashion designer Valentino Garavani and his business partner Giancarlo Giammetti have been ordered to pay a $44 million dollar fine (USD) for tax evasion.  They have been charged with not declaring...

Conde Nast Launches 'Love,' UK Luxury Magazine

Conde Nast will launch a new biannual magazine in the UK called 'Love,' which will focus on luxury fashion and art.  The inaugural March issue will hit newsstands on February 19, 2009."The UK arm of Conde...

Saks Fifth Ave on 70% Discount

The economy crisis terrorized the Wall Street at first when share prices dropped to the figure below negatives for some even stopped existing all together and the government came up with the slogan " They got...

The GATE » A luxury escape to Turks & Caicos

Sun destinations are a fantastic way to escape the chill of Canada's fall and winter months, but recently GATE writer W. Andrew Powell had the good fortune of something a little bit grander than a simple...

GOLDEN MOMENT

"U.S. national Andreina Varagona, a guest at the Oberoi Trident hotel who was shot in the shoulder by the terrorists holed up inside the hotel shares a moment with her husband Santos in a hospital in Mumbai,...

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