Wealth

Wealthy inheritors plan to fire their parents’ wealth advisors

Wide shot of friends and family enjoying dinner and sunset during destination wedding reception at luxury villa in MoroccoThomas Barwick | Digitalvision | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive...

Wealth

Cartier owner Richemont posts earnings beat as shoppers splurge on jewelry despite luxury slowdown

A Cartier de Panthere wristwatch on display at a Cartier luxury goods store, operated by Cie. Financiere Richemont.Bloomberg | Getty ImagesCartier owner Richemont on Friday posted better-than-expected fiscal fourth-quarter sales, as the wealthiest spenders continued to shrug off global macroeconomic uncertainty.Revenues at the Swiss luxury group rose 7% year-on-year at constant exchange...

Wealth

Embattled Burberry to cut 1,700 jobs amid turnaround

An Equestrian Knight Device logo on a flag outside the Burberry Group Plc luxury boutique in London, UK, on Tuesday, May 13, 2025. Bloomberg | Getty ImagesBurberry on Wednesday announced a slew of organizational changes, amid continued turnaround efforts at the embattled luxury house.The company said the measures could lead...