Estée Lauder and Charlotte Tilbury owner walk away from merger talks Retail Cosmetics giant Estée Lauder has abandoned talks with the Spanish owner of Charlotte Tilbury over a merger which would have created a $40bn fashion powerhouse. Talks between the US cosmetics giant and Spanish beauty giant Puig ended on Thursday despite hopes that the merger could have helped both brands to compete with rival L’Oreal. Estée [...]
Will rich New Yorkers flee to London to escape Mayor Mamdani? Wealth In a rare reversal of the slow march of UK wealth towards the US – from entrepreneurs upping sticks to companies switching listings – New York City’s incoming hard-left mayor looks set to nudge some of the city’s richest towards London. American arrivals into the UK could soon be made up of an unlikely coalition [...]
Is it high time to buy in super-prime London? Wealth London’s super-prime market has been suffering from a glut of supply in the wake of damaging decision-making from successive governments. Ali Lyon asks, is the tide beginning to turn? To take a walk down Mayfair’s historic Upper Grosvenor Street is to be confronted by a quiet, but dramatic, changing-of-the-guard afoot in one of London’s most [...]
The Trump effect? Why super-rich Americans are moving to the UK December 3, 2024 Trump’s election victory was widely seen as a boon for America’s top one per cent, but not all of them welcome the return of the Don. Some of them are fleeing their native America, and choosing the UK as their sanctuary, writes Ali Lyon. Tom Ford and Ellen DeGeneres have plenty in common. As well [...]