NYC issues initial pied-à-terre tax notices to owners of luxury second residences
The Mamdani administration has rolled out the guidelines for the city’s new pied-à-terre tax, with the first notices expected to be sent out in the coming weeks. As reported, the City Finance Department plans to inform owners of numerous luxury secondary residences by August 30th about their tax obligations, according to the latest draft guidelines. […]
Saks Global emerges from bankruptcy and rebrands as Exemplar Luxury Group
Saks Global Rebrands as Exemplar Luxury Group Following Bankruptcy Saks Global announced on Friday that it will rebrand itself as Exemplar Luxury Group after successfully emerging from bankruptcy, which involved reducing its number of stores and significantly cutting its debt load. The company, which owns well-known brands like Saks Fifth Avenue, Neiman Marcus, and Bergdorf […]
Old Air Force One is retired while Trump prepares Qatar’s luxury 747 for travel
The largest Air Force One, which has been in service for over three decades, was retired on Thursday, fueling speculation that President Trump may start using a Boeing 747 provided by Qatar. After returning from the G7 summit in Switzerland, Trump’s press secretary, Stephen Cheung, confirmed this was the “last ride” on the aging aircraft. […]
Floyd Mayweather May Face Several Years in Prison Due to Bad Checks for Luxury Watch Purchase
Floyd Mayweather Faces Charges Over Fraudulent Check Nevada officials have charged Floyd Mayweather with theft, as well as “intent to defraud,” following allegations of issuing a fraudulent check to a resale boutique for a $200,000 watch. The boxing icon is facing two felony charges: “theft with a value of $100,000 or more” and “writing or […]
Christie’s set to launch a luxury wine shop in Rockefeller Center
Christie’s Wine Shop Coming to Rockefeller Center Christie’s is preparing to launch a boutique wine shop at Rockefeller Center, a surprising development that has gained legislative backing from New York state, which could signal a comeback for the auction house in the premium liquor market. The luxury auction company plans to establish a 500-square-foot store […]
Luxury brand moves into the space industry with NASA collaboration
Prada Ventures into Space Fashion This past Sunday, the Italian fashion brand Prada introduced an innovative innerwear set designed specifically for NASA astronauts, marking its ambitious entry into the space industry as a major luxury player. The snug suit, developed in partnership with Axiom Space—a company based in Houston focused on space infrastructure—integrates ventilation tubes […]
NYC Councilwoman and congressional candidate Julie Won reportedly occupied a luxury Queens condo without permission, according to the landlord.
A New York City councilman who is in the running for Congress is facing a $25,000 debt for unpaid rent after living in a luxury high-rise for five months, as reported by his former landlord and court documents. Councilmember Julie Wong (D-Queens) and her family recently left their one-bedroom condo at Skyline Towers on Long […]
A luxury movie theater in Southern California unexpectedly shuts down after 35 years.
It’s the end of an era for one of Southern California’s upscale movie theaters, as the iPic Theater in Pasadena has announced its closure after 35 years of operation. The theater chain, known for its luxurious offerings, made this decision as part of its bankruptcy restructuring, despite earlier assurances that it would keep serving popcorn. […]
Taylor Swift and Travis Kelce’s wedding at Madison Square Garden may exceed $20 million, according to a luxury planner.
Taylor Swift and Travis Kelce’s Wedding Estimated to Cost Up to $20 Million The highly anticipated wedding of Taylor Swift and Travis Kelce at Madison Square Garden is expected to be a lavish affair, with estimations suggesting costs could reach $20 million. Sonal Shah, a prominent wedding planner based in Manhattan, indicated that simply securing […]
Erewhon’s luxury Reserve membership benefits disclosed
Erewhon’s New Membership Offers Exclusive Perks for Big Spenders If spending $25 on a celebrity smoothie doesn’t scream status, Erewhon has upped the ante with its new “Reserve” membership, launched in April. This luxury grocery chain, popular among influencers and wellness fans, is targeting those who drop more than $15,000 each year. Think of it […]