Saks Global expects to exit bankruptcy this summer after receiving $500M in financing

Saks Global secured a $500 million financing commitment from capital partners, and the luxury retailer plans…

Luxury hotel owner in Cornwall offers to foot British tourists’ petrol bills to ease financial pain of staycation

Amid rising petrol costs due to the Iran war, one Cornish hotel will make holidays more…

‘We’re taxing the rich’: NYC Mayor Mamdani touts new $500M-a-year tax on luxury second homes

NYC Mayor Zohran Mamdani celebrates Gov. Hochul's proposed tax on ultra-wealthy owners of luxury second homes,…

Iran’s new supreme leader linked to properties with ‘line of sight’ into Israeli UK Embassy

Two London apartments linked to Mojtaba Khamenei sit less than 50 meters from the Israeli Embassy…

Aston Martin to cut up to 20% of its workforce

Aston Martin announced a plan to cut up to 20% of its workforce as ongoing financial…