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Latest intelligence from Luxury Roundtable: Wealth Report on UHNWI, Bentley Residences, Comité Colbert, Luxury Stance Podcast

February 29, 2024

Rendering of Bentley Residences Miami apartment. Image: Bentley Motors Rendering of Bentley Residences Miami apartment. Image: Bentley Motors

 

By Luxury Roundtable Intelligence

Luxury Roundtable offers intelligence across luxury sectors that will impact luxury marketers. Here are some recent reports you do not want to miss:

Dubai is a consistent favorite of expats looking for a Western lifestyle without taxes, hence pushing up prices of luxury properties in the emirate Dubai is a consistent favorite of expats looking for a Western lifestyle without taxes, hence pushing up prices of luxury properties in the emirate

Global UHNWI number up 4.2pc, millennials to be richest gen ever in 20 years, art best-performing asset class in 2023: Wealth Report
The number of ultra-high-net-worth individuals (UHNWIs) worldwide rose 4.2 percent in 2023 to 626,619 from 601,300 a year earlier, more than reversing the decline witnessed in 2022.

 

Rendering of Bentley Residences Miami building. Image: Bentley Motors Rendering of Bentley Residences Miami building. Image: Bentley Motors

Bentley Motors breaks ground on its world-first branded residential development in Miami
Bentley partnered with Miami developer Dezer Development on the project that will be completed by the end of 2027.

 

At Christian Dior Couture, scraps of fabric are upcycled into unique window decorations. Image: Andrea Cenetiempo At Christian Dior Couture, scraps of fabric are upcycled into unique window decorations. Image: Andrea Cenetiempo

Bénédicte Épinay, CEO of Comité Colbert, on why sustainability is key to the future of French luxury brands
All 93 members of Comité Colbert – from Dior to Givenchy, Hermès to Cartier – are in the process of adopting sustainable practices across the entire supply chain of their sourcing, manufacturing and distribution processes.

 

Oakridge Park media mixing chamber. Image: Oakridge Park Oakridge Park media mixing chamber. Image: Oakridge Park

Oakridge Park aims to put Vancouver on global luxury retail map
When it officially opens in spring 2025, Oakridge Park will have changed the face of mixed-use developments in North America, placing Vancouver, British Columbia on the map as a serious destination for luxury brands looking to tap into wealthy local and transient audiences.

 

The swimming pool at Claridge's hotel's spa in London. Image: Claridge's The swimming pool at Claridge's hotel's spa in London. Image: Claridge's

New episode of Luxury Stance Podcast: What the ultra-wealthy – 0.01 percent – want out of luxury hospitality
With ultra-luxury hotel brands such as Aman, Bulgari Hotels, Four Seasons and the Ritz-Carlton catering to the upper echelons of global wealth, it has become an arms race for who can deliver extraordinary experiences to keep this rarefied audience engaged and loyal.

 

The Oberoi Concours d'Elegance will host vintage and classic cars and motorcycles from the garages of India's maharajas and private collectors, showcased Feb. 16-18 at the Oberoi Udaivilas resort in Udaipur, Rajasthan. Image: Oberoi Hotels The Oberoi Concours d'Elegance will host vintage and classic cars and motorcycles from the garages of India's maharajas and private collectors, showcased Feb. 16-18 at the Oberoi Udaivilas resort in Udaipur, Rajasthan. Image: Oberoi Hotels

Oberoi Concours d’Elegance debuts in India to honor country’s royal automotive heritage
Many vehicles will be sourced from the garages of India’s maharajas, who were famed collectors of prestigious auto marques from the United Kingdom, Europe and the United States.

 

Patek Philippe 5204 Macro Patek Philippe 5204 Macro

Coming up next on Luxury Roundtable in March and April
Luxury Roundtable has several webinars, podcasts, reports, digital and in-person events and a Luxury Class master class lined up for March and April for members. Join us!

 

Timothy Corrigan Timothy Corrigan

Webinar March 20: Interior Designer Timothy Corrigan on How the Wealthy Live: Design and Lifestyle Trends
What trends are driving the design and dècor of the wealthy's residences worldwide? Join noted international interior designer Timothy Corrigan on this Luxury Roundtable webinar March 20 at noon to 1 p.m. ET (New York time) to find out!

 

Kering has seen sales at Gucci slow down after the departure of star creative director Alessandro Michele. Seen: Gucci fashion jewelry campaign. Image: Gucci Kering has seen sales at Gucci slow down after the departure of star creative director Alessandro Michele. Seen: Gucci fashion jewelry campaign. Image: Gucci

Registration Open + Call for Brand Speakers, Sponsors: Luxury Marketing Summit New York April 17
We're thrilled to announce the agenda for the April 17 Luxury Marketing Summit in New York. Join us and meet the top luxury marketers who will insights and strategy on how to craft marketing that generates lasting desire and business. Also inviting brand speakers and sponsors to apply.

 
NEW INTELLIGENCE

MOST READ
  1. 2025 likely to be time of reckoning for many fashion brands: report
  2. Come join us: Luxury Outlook Summit 2024, Jan. 17, New York 
  3. How luxury brands should retain the attention of Very Important Clients and One-Percenters in China and elsewhere 
  4. How luxury brands can improve return on ad spend with partnerships 
  5. LVMH debuts new employer brand campaign to retain loyalty of employees
  6. Concours on Savile Row to return to London, pair bespoke tailors with fine cars and fans
  7. Report: Millennials, women key drivers behind perfume market growth
  8. Columbia MBA students proffer customer engagement ideas to Loro Piana, Tiffany, Ralph Lauren
  9. Limited seats – register now for Luxury Outlook Summit 2024 New York Jan. 17 
  10. 1 week left! Have you registered for the Luxury Outlook Summit New York? 


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RECENT INTELLIGENCE
Webinar Dec. 5: Luxury’s Crisis with Fleeing Younger Gens and Dwindling Exclusivity: Next Steps
November 14, 2024
Global luxury to post flat growth at $1.6 trillion for 2024, sheds 50M customers in 2 years
November 13, 2024
Global luxury spending, at $1.6 trillion, is flat for 2024 as 50M customers leave market and top customers question exclusivity value prop
November 13, 2024

Chocolate brown ends green’s run as top color, Murano-glass lighting is back: 2025 design trends report
November 12, 2024
2025 likely to be time of reckoning for many fashion brands: report
November 11, 2024
Tania Bulhões, new owner of French porcelain icon Royal Limoges, eyes potential of US market in global homeware push
November 11, 2024