Here is the latest Luxury News from CNN Money.
The ‘fakes’ industry is worth $461 billion
The shady business of ‘fakes’ has ballooned into a global industry worth as much as $461 billion, according to the OECD.
Ferrari stolen 28 years ago found as it was being shipped to Poland
The 1991 Ferrari GTSi been stolen in Los Angeles in 1987 was found as it was being shipped to Poland.
Coolest hotel bars for business travelers
CNNMoney asked two concierge services for high-flying business people what hotel bars they’d recommend in 5 major U.S. cities. Here are their favorite spots.
Perfect gift for royalty fans? Queen’s tea set
The royal household is celebrating Queen Elizabeth’s 90th birthday by releasing an official range of gold-plated china, which includes mugs, teacups, saucers and plates.
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Bugatti Chiron: The world’s next fastest car
Bugatti says ‘au revoir’ to the Veyron and unveils the Chiron, which it says will be even faster and more powerful.
Most powerful Lamborghini ever is already sold out
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This new Rolls-Royce has a snarl
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The most expensive items ever auctioned
Auction houses are where records are set and broken. Here are the most expensive items ever auctioned.
Cool cars from the 2016 Geneva Motor Show
Take a look at the newest models from Lamborghini, Aston Martin, Bugatti, Ferrari, Rolls-Royce, Bentley and more.
Low-cost airline Ryanair launches private jet service
Read full story for latest details.
Ferrari chief: An electric version would be ‘obscene’
Ferrari’s chairman Sergio Marchionne said the automaker will never build an all-electric car and self-driving cars are completely out of the question.
Inside New York’s $500,000 a month rental (credit cards accepted)
You can rent an entire floor at The Pierre Hotel for $500,000 a month.
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Macau’s casino slump is spreading
Macau’s casino slump is spreading far beyond gaming tables, with residents and businesses across the Chinese gambling mecca feeling the pinch.
Maserati recalls 30,000 cars for unintended acceleration
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Chinese tourists spent $215 billion abroad last year
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Opinion: Watchmakers get creative in face of smart threat
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Luxury smartwatches from Switzerland
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Cool cars from the New York Auto Show
These are some of the most interesting new cars and concepts at the Big Apple’s car show.
Tesla reveals its $35,000 car for the masses
The Tesla Model 3 will start at $35,000 and have a range of 215 miles.
Chinese shoppers are buying fewer Prada bags
Read full story for latest details.
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Greatest hits from GM’s top designer
Ed Welburn, vice president of design, is retiring after 44 years. We asked him to pick his favorite cars.
Tesla recalls Model X for seat problem
The Tesla Model X is being recalled because third-row seats could fold forward during a crash.
Meet the first woman tailor to open a shop on Savile Row
London’s famed Savile Row has just welcomed its very first female ‘master tailor’ to set up shop on the street, ending 200 years of a male monopoly.
Tesla recalls Model X for seat problem
The Tesla Model X is being recalled because third-row seats could fold forward during a crash.
Meet the first woman tailor to open a shop on Savile Row
London’s famed Savile Row has just welcomed its very first female ‘master tailor’ to set up shop on the street, ending 200 years of a male monopoly.
Chinese shoppers are buying fewer Prada bags
Prada reported a 26.6% fall in net income in 2015 on Friday, blaming weak sales in China for the slump.
Greatest hits from GM’s top designer
Ed Welburn, vice president of design, is retiring after 44 years. We asked him to pick his favorite cars.
Tesla reveals its $35,000 car for the masses
The Tesla Model 3 will start at $35,000 and have a range of 215 miles.
Cool cars from the New York Auto Show
These are some of the most interesting new cars and concepts at the Big Apple’s car show.
Luxury smartwatches from Switzerland
Some of the world’s top traditional watchmakers are showcasing their newest smartwatch designs at the high-end luxury watch show, Baselworld.
Chinese tourists spent $215 billion abroad last year
Chinese tourists spent a record amount abroad last year, boosting economies around the world.
Opinion: Watchmakers get creative in face of smart threat
Watchmakers will need to be smart about fending off competition from the tech industry.
Maserati recalls 30,000 cars for unintended acceleration
Italian luxury automaker is recalling cars because gas pedals can get stuck under floormats
Inside the economy that shrank 20% last year
Macau’s casino slump is spreading far beyond gaming tables, with residents and businesses across the Chinese gambling mecca feeling the pinch.
Inside New York’s $500,000 a month rental (credit cards accepted)
You can rent an entire floor at The Pierre Hotel for $500,000 a month.
Low-cost airline Ryanair launches private jet service
Ryanair, Europe’s ultra low-cost airline, just began offering private jet services.
Cool cars from the 2016 Geneva Motor Show
Take a look at the newest models from Lamborghini, Aston Martin, Bugatti, Ferrari, Rolls-Royce, Bentley and more.
The most expensive items ever auctioned
Auction houses are where records are set and broken. Here are the most expensive items ever auctioned.
Ferrari chief: An electric version would be ‘obscene’
Ferrari’s chairman Sergio Marchionne said the automaker will never build an all-electric car and self-driving cars are completely out of the question.
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