Ferrari invited us to San Diego to test drive the new Ferrari California, and I fortunately drew the lucky straw at our editor’s meeting. We have always held Ferrari in great esteem for its dedication to design and innovation, but hadn’t thought of ourselves as Ferrari enthusiasts. Continue reading
Music lovers weren’t the only ones drawn to the King of Pop. Wooed by his global fame and earning power, a bevy of financial firms ponied up tens of millions to finance the singer’s luxe lifestyle and kick-start his troubled career.
Now they’re in line with other creditors and business partners awaiting word on the state of Michael Jackson’s murky financial empire. Financial firms including Colony Capital LLC, Fortress Investment Group and Barclays Bank PLC poured tens of millions into the singer over the years. The cash allowed Jackson, a notorious binge spender, to maintain a lavish lifestyle befitting a global pop star.
But the potential peril of owning a portfolio tied to an eccentric entertainer became apparent with the singer’s surprise death at the age 50. It also highlighted Wall Street’s fascination with the entertainment industry — a trend that could cool depending upon how much Jackson’s creditors manage to recoup from their investments.
Macky Dancy has made it his business to get the signatures of professional athletes — in triplicate. Dancy, who was born in Memphis and grew up in Brooklyn rooting for the Yankees, the Knicks and the Giants, sells luxury cars to athletes and entertainers.
As regular readers of The Luxe Chronicles know well, one of the recurring themes on this blog is the ‘dumbing down’ or diluting of a luxury brand that comes from mass expansion and mass distribution.
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