Speaking to CNBC at the Singapore Yacht Show, Francesco Frediani, commercial director of Mangusta, says Asia-Pacific holds the biggest future potential for the yacht industry.» Read More
Car thieves are acquiring richer tastes, targeting luxury cars like Mercedes-Benzes and Range Rovers that are shipped overseas.
LVMH posted lower profits and margins on the back of a 3 percent rise in first-half sales that came in below expectations.
Nick Hayek, CEO of Swatch Group, says the luxury watch company could see a short-term impact from tougher Russia sanctions.
Top designer Christophe Lemaire is leaving Hermes in the fall to focus on developing his eponymous fashion label, the French luxury group said.
Jean-Christophe Babin, CEO of Bulgari, explains why the luxury brand is big on Singapore. He also discusses its strategy in Asia which comprises of a "balanced mix of all nationalities."
Richard Mille has taken prices, and watchmaking, to a new extreme with his latest watch, which touts a $2.2 million price tag.
The rich are buying expensive cars at a record pace, and one manufacturer has limited production to maintain exclusivity. NBC News reports.
CNBC's Christine Tan speaks to the father and son team behind Swiss watchmaker Patek Philippe on why it's taking its time to expand in China.
Ferrari interim CEO Enrico Galliera says customers are both buying in cash and financing its automobiles.
Jean-Claude Biver, chairman of Hublot, says Apple is poaching the watchmaker's talent to work on the expected iWatch.
Jean-Claude Biver, chairman of Hublot, says to maintain exclusivity, you have to keep the customer waiting.
A technician for a luxury car dealership wrecked an Enzo Ferrari, dealing significant damage to the rare car owned by a multimillionaire.
An extremely rare Stradivarius viola failed to get the asking price of $45 million, Sotheby's said.
The owner of a yacht that burst into flames near San Diego on Thursday said he's lost "the most beautiful boat" ever made.
Coach is taking a beating from Wall Street after issuing disappointing guidance. Eric Beder, Brean Capital, and David Seaburg, Cowen & Company, discuss if this is a buying opportunity. Seaburg says Coach has lost its customer base and has no sales momentum.
A new lawsuit says GM should compensate millions of car and truck owners for lost resale value.
Competition to secure a private plane for the World Cup is heating up as Brazilian airports fill up.
Dunkin' Donuts CEO says its sandwiches are snacks, not lunch.
IPOs and the mass of acquisitions in tech are producing a newly rich class; money managers fight to handle the wealth.
GM announced four more recalls, raising number of recalls to 34.