The luxury goods market is poised to experience its first contraction since the aftermath of the Global Financial Crisis, according to insights from Bain & Company’s latest annual luxury report. As we head into 2024, macroeconomic uncertainty, notably fueled by a significantly cooled consumer spending landscape in China, emerges as a primary driver of this
Wealth
Family offices have long served as the custodians of wealth for high-net-worth individuals and families, overseeing their investments and guiding financial strategies. Traditionally dependent on private equity funds, these entities are experiencing a transformative shift in investment strategy. According to a comprehensive survey conducted by Bastiat Partners and Kharis Capital, around half of family offices
The landscape of wealth management is extraordinarily dynamic, particularly in the context of political uncertainties. Recent developments indicate a notable trend among affluent Americans considering emigration, driven by fears surrounding political turmoil and social unrest. A surge in demand for alternative citizenships and long-term residencies abroad has been witnessed as the crucial election approaches, suggesting