5 ways rich Chinese Gen Zers are redefining luxury

Tech Insider
Customers enter a Gucci store at Sanya International Duty Free Shopping Complex on June 28, 2023 in Sanya, Hainan Province of China. (Photo by Jiang Qiming/China News Service/VCG via Getty Images)
Chinese consumers' belts have been tightening as the economy falters.

China News Service via Getty Images

Goodbye backpacks. The cool kids are going back to school with a $155 Longchamp tote in hand.

Tech Insider
Longchamp next to school supplies.
Longchamp has been named the "it bag" of the school season.

Longchamp; Jenny Chang-Rodriguez/BI

I had the most luxurious stay of my life in Panama. Now, I want every tropical vacation to include a private island.

Tech Insider : Travel
Isla Palenque is a five-star private island resort off the coast of Panama.
The author outside her casita at the Isla Palenque private island resort.

Monica Humphries/Business Insider

LVMH made a huge splash in its first big Olympics push. The retail giant should do it again, a luxury expert says.

Tech Insider
An employee works on a drawer of one of the leather Louis Vuitton-branded trunks for the Olympic medals
Custom LVMH trunks and medals were among myriad visible reminders of the company's Olympics presence.

Anne-Christine Poujoulat/AFP via Getty Images

These are the 5 luxury items China's Gen Z is going nuts for, a retail expert says

Tech Insider : Economy
Shoppers walk past a French luxury fashion brand Yves Saint Laurent (YSL) store in Hong Kong.
Shoppers walk past a French luxury fashion brand Yves Saint Laurent (YSL) store in Hong Kong.

SOPA Images/Getty Images

A Swiss town is home to a 5-star hotel that welcomes everyone from the ultrawealthy to royalty. Take a look inside.

Tech Insider : Travel, Travel
The author in her room at the five-star Hotel Les Trois Rois.
The author in her hotel room at the Grand Hotel Les Trois Rois in Basel, Switzerland.

Monica Humphries/Business Insider

One of Prada's red-hot brands for Gen Z luxury shoppers just posted crazy growth numbers

Tech Insider
Miu Miu bag Vienna
Gen Z darling Miu Miu's revenue jumped 93% in the first half of 2024, compared with the same time last year.

Jeremy Moeller/Getty Images

Bernard Arnault's wealth is slumping as the luxury boom falters

Tech Insider
Bernard Arnault wearing a navy-blue blazer jacket and a white shirt.
Bernard Arnault's wealth fell by $46 billion over a four-month period, per Bloomberg data.

Edward Berthelot/Getty Images

The luxury outlook in China just keeps getting worse

Tech Insider
Dior Hong Kong
China's luxury sales are tumbling as wary consumers spend less at home and more in Japan.

Serene Lee/Getty Images

LVMH is waiting for China's consumers to shop at home

Tech Insider : Economy
Customers are lined up outside a Louis Vuitton store.
Louis Vuitton stores in China have lost ground to their Japanese counterparts from a weaker yen.

Zhang Peng/LightRocket/Getty Images

Subscribe to Luxury