![]() ![]() And that’s exactly the point: Bernard Arnault is betting on the very top end of consumers. The glass-lined penthouse on the 10th floor caters to VIPs only – no Sterling silver bracelets and cufflinks to buy here! The upwardly mobile will have to look elsewhere to satisfy their aspirational shopping sprees. It is believed to have cost up to $500 million, although owner LVMH is not disclosing any numbers. just reopened its flagship store on 5th Avenue, right next to Trump Tower, after a 3-year renovation. While the #Fed is struggling to contain stubborn #inflation and the US looks down the double barrel of an imminent #recession and possible default, Tiffany & Co. Gone are the days of the “new modesty” that followed the financial crisis of 2008. ![]() A stroll around Midtown Manhattan reveals that gung-ho #consumerism is back with a vengeance - and proud of it. Key observation? #Luxury has officially gone hardcore. I just got back from a short trip to New York. ![]()
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