The company's decision to review its brands in May sparked speculation that it could break up its fashion and leather-goods unit. The only brand Richemont was considering strategic options for was Lancel, and the luxury–goods maker has decided to keep …

London: An average billionaire has four homes, with each one worth nearly $20 million, and the most common luxury holding for them is yachts, followed by private jets and art, says a survey. Globally, 87 per cent of billionaires are male and the …

Ten's investors have been asked to approve a deal that could hand security over all the media group's assets to three of its billionaire shareholders, James Packer, Lachlan Murdoch and Bruce Gordon, in return for the trio guaranteeing its new $200 …

Such people usually cite the affluent and luxurious way of life many of us Kuwaitis enjoy. However, one needs … In other words, I assume that the mentioning of obesity in the recent Arab Times poll seems allude to our typical Kuwaiti lifestyle. No …

There is a large segment of travelers who may not opt for wellness retreats or tours but are committed to maintaining their healthy lifestyle on the road. Air transit and hotels are investing resources to attract these guests that are both business and …

Noted economist Thorstein Veblen's “The Theory of the Leisure Class” postulates that in affluent societies spending becomes the vehicle through which people establish their social position. In the 17th century, Italian nobles built opulent palaces with …

Peter Munk is poised to step down as Barrick Gold's chairman, three decades after the Canadian entrepreneur launched the company that he turned into the world's largest gold miner. Mr Munk's announced intention to retire comes as Barrick wrestles with …

Gold prices in the domestic spot and futures market are likely to come under pressure in line with the global trend on Monday. However, the domestic market may turn firm if any unusual buying activity crops up for the wedding season in the face of …

SOFIA, Bulgaria — Olympic champion Rosie MacLennan of Toronto solidified her status as the world's best female trampolinist at the 2013 world championships on Sunday, winning gold with a well-executed routine bolstered by the highest degree of …