Between 2004-2011 he spent a dazzling $315 million on these and several other luxury items. Teodorin claims to have accumulated his spending money legitimately, yet his official government salary is just $6,799 per month, meaning it would take him over …

"Transparency will soon be inevitable for the luxury business because the only reason to pay the prices, is quality and know-how." The 38-year-old left Hugo Boss in 2009, embittered by the drive for the bottom-line that he says rules the luxury goods …

Taxation Director General Fuad Rahmany says that the government needs to carefully analyze its recent plan to impose a luxury item value-added tax (PPnBM) on cellular phones. He said that imposing a high PPnBM on cellular phones might affect …

P&G and others are betting they can go the same route with items like paper towels and tampons designed for those who appreciate the finer things, even when wiping down a counter. However, for consumers to truly accept a new luxury item, "you have to …

Today, it is not just fashion designers and luxury brands that have their sights set on Asia's potential – prestigious department stores are eyeing the region, too. Chinese are now the highest spending shoppers at John Lewis … According to Michael …

This can be interpreted as a change in which foreign tourists, mostly Chinese ones, purchase more luxury items than domestic consumers. One of its duty-free shops marked a remarkable year-on-year growth of 300 percent in the first half of this year …

Thompson also suspects that they're using the money to pay off medical bills and credit card debt, although call center representatives reported that at least some people were using the money for luxury items like Jet Skis and vacations. A small …

… leader, Jackson represented eastern portions of Hyde Park and other South Side neighborhoods in the U.S. House of Representatives for 17 years until he resigned his seat last year after spending $750,000 in campaign funds on personal luxury items.

"The corporators who had no clear source of regular income, purchase bungalows, luxury cars, agricultural lands and other luxurious items within three years of coming to power. It is high time that the matter is investigated and the culprits are booked …