Meet the HIFIs: Their obsession with luxury will tank them

Tech Insider : Economy, Economy
A young woman trying on sunglasses
More Gen Zers and millennials are becoming HIFIs — high income, financially insecure. They're spending lots of money on lifestyle and luxury.

Thomas Barwick / Getty Images

A 24-year-old spent $140,000 buying and converting a Mercedes van. Take a look inside the luxury home on wheels.

Tech Insider
Abbe Minor in her converted van.
Abbe Minor stands in her converted van.

Abbe Minor

6 luxury brands, from Coach to Gucci, that have gotten into the restaurant game

Tech Insider
Dior Cafe des Lices on Rue François Sibilli, Saint-Tropez, Cote d'Azur, French Riviera, Provence, France
Dior's Cafe des Lices in Saint Tropez.

Ken Welsh/UCG/Universal Images Group/Getty Images

Meet Delphine Arnault, Dior CEO and daughter of world's richest man

Tech Insider
Louis Vuitton's executive vice president Delphine Arnault, Owner of LVMH Luxury Group Bernard Arnault and Maria Grazia Chiuri attend the LVMH Prize 2019 Edition at Louis Vuitton Avenue Montaigne Store on March 01, 2019 in Paris, France.
Delphine and Bernard Arnault: two of the most powerful people in fashion.

Bertrand Rindoff Petroff/Getty Images

See inside this 'ghost' whisky distillery in Scotland that's back from the dead

Tech Insider : Travel
Whisky Stills in Port Ellen
Port Ellen is a distillery on the Isle of Islay, an island off the coast of Scotland.

Alexandra Bacon/Business Insider

Take a look inside a $12,500-a-year underground wellness club featuring only the 2nd Tracy Anderson studio in Europe

Tech Insider
Surrenne
The men's locker room at Surrenne.

Surrenne

The fall of Gucci was inevitable

Tech Insider : Style
Gucci Black Leather Princetown Women's Slipper with Lamb Wool displayed as fragmented bars on a split background with Gucci Store and flowers
Gucci — recently one of the world's hottest brands — has faced headwinds, with falling sales and a diminishing reputation.

Gucci; Kyodo News via Getty Images; Alyssa Powell/BI

Blade is launching a luxury bus service between NYC and the Hamptons that costs from $195 one-way

Tech Insider
Blade helicopter
Helicopter chartering company Blade is widening its reach to include luxury bus journeys.

Blade

Jefferies CEO sold $65 million in stock to buy a yacht from a client

Tech Insider
Rich Handler and Tilman Fertitta
CEO of Jefferies Rich Handler (left) and CEO of Mastro's Restaurants Tilman Fertitta (right) attend the Mastro's Steakhouse Grand Opening Celebration on November 11, 2014 in New York City.

Rob Kim/Getty Images

I visited Chanel's watches and fine jewelry boutique in NYC and saw why the brand is betting on in-person shopping

Tech Insider
A woman takes a selfie in front of a store with
Chanel opened a watches and fine jewelry store in Manhattan.

Samantha Grindell/Business Insider

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