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Tag - luxury-goods

 
 

LUXURY GOODS

Japan's first prison-turned-hotel, Hoshinoya Nara Prison offers as much luxury as it does surprisingly thoughtful reflections on the former facility's place in the country's march toward modernity.
LIFE / Travel
Aug 8, 2026
Locked up in luxury at the new Hoshinoya Nara Prison hotel
Open from July, the lodging occupying an Important Cultural Property prompts guests to reflect on societal progress and the role of prisons.
Diamond shops on Ho Chi Minh City¡¯s An Duong Vuong street
ASIA PACIFIC / Crime & Legal
Aug 3, 2026
Diamond buyers in Vietnam are freaking out after gem scandal
Investigators allege more than 30,000 stones worth over 1.5 trillion dong ($57 million) were brought into the country over the past two years.
A livestreaming session promoting cosmetic products at a digital retailer¡¯s studio in Shanghai
BUSINESS / Tech
Jul 28, 2026
China¡¯s beauty industry gets AI makeover to close innovation gap
AI is rapidly reshaping the country¡¯s beauty industry by shrinking every stage of product development.
The Mitsukoshi department store in the Nihonbashi district of Tokyo. Isetan Mitsukoshi Holdings, Âé¶¹´«Ã½ largest department store operator, saw jewelry and watches continue to lead domestic sales, according to a company spokesperson.
BUSINESS / Companies
Jul 24, 2026
Japanese shoppers drive up jewelry sales to a record
Strong domestic demand for jewelry has helped lift the outlook for Âé¶¹´«Ã½ luxury market as a whole, as the sector faces headwinds including a slowdown in inbound tourism.
Young shoppers are becoming increasingly visible in Tokyo¡¯s upmarket shopping districts such as Omotesando.
BUSINESS / Economy
Jul 16, 2026
Young Japanese who rode AI boom flaunt wealth with luxury buys
The shopping spree also reveals a deepening societal divide, exposing the increasingly uneven nature of Âé¶¹´«Ã½ economic revival.
A customer checks eyeglasses in a section featuring limited-edition eyeglasses available only at the Jins Shinjuku store in April.
BUSINESS / Economy
Jul 9, 2026
Shoppers splurge on specs in Japan as deflation-era mindset fades away
As inflation reshapes behavior, Japanese eyeglass company Jins is working to prove higher prices are justified by delivering better materials, sharper designs and improved quality.
Some traditionally adults-only enclaves are being reimagined to focus on family experiences.
BUSINESS
Jul 8, 2026
The family travel boom is reshaping the world¡¯s most romantic resorts
Some traditionally adults-only enclaves are being reimagined to focus on family experiences with the help of direct flights, larger accommodations and immersive activities.
A Louis Vuitton store in Singapore. The city state's long-held top rank among most expensive cities for luxury spending is said to be driven by high prices of residential property and cars along with the strong Singapore dollar.
BUSINESS
Jul 7, 2026
Singapore, Zurich and Monaco top costliest cities for luxury spending
The cost of maintaining a premium standard of living has risen ¡°significantly¡± over the past 12 months, according to a report by Julius Baer Group.
Chinese tourists at Wat Arun Ratchawararam Rathawaramahawihan in Bangkok
BUSINESS
Jul 2, 2026
Thailand gets serious about chasing high-spending tourists
Officials are aiming for visitors to spend about $2,400 per trip on average, compared with roughly $1,500 currently.
Reopened on April 29 after an extensive refurbishment, the Four Seasons Hotel Tokyo at Marunouchi may not offer the skyline views of its sister property around the corner, but it excels in other areas.
LIFE / Travel
Jun 20, 2026
Tokyo¡¯s best Four Seasons may not be its biggest
Reopened on April 29 after an extensive refurbishment, the Four Seasons Hotel Tokyo at Marunouchi gives its sister accommodation around the corner a serious run for its money.
Prada's Liquid Cooling and Ventilation Garment spacesuit is displayed during a media event in New York on Sunday.
BUSINESS / Companies
Jun 8, 2026
NASA to wear Prada as luxury group pushes into space industry
The Italian fashion house¡¯s Liquid Cooling and Ventilation Garment was created in collaboration with Houston-based space ?infrastructure developer Axiom Space.
On the 41st floor of the Akasaka Trust Tower, the Panoramic Tower Studio Suite at 1 Hotel Tokyo offers stunning views while keeping sight of the hotel's sustainable, down-home core.
LIFE / Travel
Jun 6, 2026
At 1 Hotel Tokyo, luxury is a zero-waste journey
Open from March, the brand¡¯s first outpost in Japan stays true to its sustainable roots.
A tasting corner in the gift center at the Nihonbashi Mitsukoshi department store in Tokyo's Chuo Ward on Wednesday
BUSINESS
Jun 3, 2026
Âé¶¹´«Ã½ department stores gear up for summer gift season
Some have rolled out merchandise tailored to the 2026 World Cup, which is set to kick off on June 11.
The Galeries Lafayette mall, with posters advertising new season collections, in Beijing on Tuesday, a day before it closes
BUSINESS
May 28, 2026
Frugal and more online: Smarter spenders rewrite luxury¡¯s China dream
Foreign luxury brands might not be retaining the pull ¡ª and the cashflow ¡ª in China that they counted on in the world¡¯s second-largest economy in the 2010s.
Rooms at Capella Kyoto, a new luxury hotel located steps from one of the city's most historic geisha districts, start from ?394,200 per night for two people.
LIFE / Travel
Apr 24, 2026
Capella Kyoto continues ancient capital¡¯s luxury hotel boom
The newly opened lodging occupies the site of Shinmichi Elementary School between the Kaburenjo Theatre and Kenninji, Kyoto¡¯s oldest Zen Buddhist temple.
The LVMH group of brands spanning handbags to watches and champagne ?is expected to report a 0.3% decline in fourth quarter sales.
BUSINESS / Companies
Jan 27, 2026
LVMH investors still cautious about luxury fatigue and Chinese growth
LVMH stock rebounded last year, sparking an $80 billion luxury sector rally, but has lost most of those gains, sliding 9% since the ?start of ?this year.
A worker counts rand banknote in the East Rand Mall, Boksburg, South Africa, on Aug. 7, 2025.
BUSINESS / Markets
Jan 21, 2026
South Africa¡¯s booming $4 billion beauty market a key battleground for retailers
Once relegated to drugstores and niche outlets, beauty and personal-care products are now front and center.
The lively Coach Ginza store on Jan. 6. The brand has refreshed its image in recent years, attracting younger shoppers through customization, influencer collaborations, and eco-friendly initiatives.
BUSINESS / Companies
Jan 6, 2026
Bag charms, coffee and fun: Coach¡¯s Gen Z playbook in Japan
In the face of a global luxury market slowdown, the American fashion house¡¯s success with the younger generation has positioned it as something of an outlier in the industry.
Then-U.S. Secretary of State Antony Blinken and then-U.S. Ambassador to Japan Rahm Emanuel visit Daiwa Sushi restaurant at Toyosu Market in Tokyo in Jan. 7, 2025.
BUSINESS / Companies
Jan 4, 2026
The very best is on the menu for business travelers flocking to Japan
From around the world they come, staying at Âé¶¹´«Ã½ luxury hotels and dining at the most acclaimed restaurants as travel agencies and hotel operators work to cash in on the trend.
The iconic New York Bar on the 52nd floor of the Park Hyatt Tokyo retains all the cosmopolitan charm it exuded before the hotel's 19-month-long renovation.
LIFE / Travel
Dec 18, 2025
Park Hyatt Tokyo reopens, and nothing¡¯s been lost in renovation
Despite a top-to-bottom refurbishment, the iconic Shinjuku hotel has reopened with all the cosmopolitan charm it had before.

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Disaster relief workers Taichi Kato (left) and Seiji Yoshimura enter the collapsed living quarters at Kyuganji temple in Yatsushiro, Kumamoto Prefecture.
What Kumamoto revealed about Âé¶¹´«Ã½ earthquake readiness

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