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Kering looks to double profits as it unveils ambitious turnaround plan to revive Gucci

Thu Apr 16 8:30 am

The "ReconKering" strategy announced Thursday includes more than doubling its 2025 recurring operating margin of 11.1%.
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IRS audit rate for high earners falls: Here's what to know

Wed Apr 15 8:26 am

It's Tax Day, and all income groups have seen their chances of getting audited decline in recent years, but the highest earners have seen the largest declines. CNBC's Robert Frank joins 'Squawk Box' to with more.
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Luxury stocks fall as Iran war weighs on earnings; Hermes sinks 8%

Wed Apr 15 12:18 pm

Hermes said wholesale activity was "significantly affected" in the first quarter by lower sales to concession stores, particularly in the Middle East and in airports.
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Inside Blackstone private wealth

Tue Apr 14 12:02 pm

CNBC's Robert Frank reports the latest on Blackstone.
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Blackstone’s Joan Solotar says investors should separate ‘signal from the noise’ in private credit

Tue Apr 14 1:59 pm

Joan Solotar, global head of Blackstone Private Wealth, said the capital flight from private credit isn't justified by the likely returns and potential losses.
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Inside Alts: Blackstone Private Wealth's Joan Solotar on changing private market landscape

Tue Apr 14 8:28 am

CNBC Wealth Editor Robert Frank speaks exclusively with Blackstone Private Wealth's global head Joan Solotar about private credit concerns and Blackstone's growth and market opportunities.
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LVMH stock drops as analysts flag luxury recovery 'party postponed' amid Iran war

Tue Apr 14 8:32 am

There was a deterioration of demand in March as a result of the Middle East conflict, said LVMH CFO Cécile Cabanis.
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LVMH sales miss expectations as luxury recovery is put on pause amid Middle East war

Mon Apr 13 12:23 pm

The luxury sector had shown some signs of a long-awaited recovery after a years-long slump prompted by soft demand from Chinese consumers.
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The Masters has become the biggest event of the year for private jet companies

Fri Apr 10 9:41 am

Private jet companies are competing for high-spending customers with lavish on-the-ground experiences near the golf course.
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Private jets take off to Augusta for the Masters Tournament: Here's what to know

Wed Apr 08 8:17 am

The Masters is set to tee off in Augusta, Georgia and its one of the biggest events of the year for private aviation. CNBC's Robert Frank joins 'Squawk Box' with more.
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Why Deutsche Bank sees a 'sharp reversal' for luxury stocks if the Middle East conflict subsides

Thu Apr 02 4:05 am

A recovery in European luxury has been upended by the Iran war.
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Inside the wealth management boom: Here's what to know

Wed Apr 01 7:43 am

There is a $30 trillion battle raging between firms looking to manage investments for the wealthy. CNBC's Robert Frank joins 'Squawk Box' with the details.
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