Luxury brands are making moves in the real estate and auction sectors. Chanel is rumored to be interested in buying the old Barney’s building, highlighting the luxury conglomerates' obsession with NYC real estate. Auctions of high-end watches from Michael Schumacher and sports memorabilia like Jordan shoes and Ali trunks are expected to fetch millions. Despite falling sales, luxury brands like Chanel and top watch brands are expanding into retail districts like Union Square in San Francisco.
Despite downtown San Francisco’s sea of empty storefronts, one of the world’s top luxury watch brands has opened a new boutique, just east of beleaguered Union Square. It won’t be the only one. https://t.co/cn6RyxMciS
A maker of $100,000 watches opened at S.F.'s Union Square as other stores closed. It won’t be the only one: https://t.co/6aO8unwD4v 📸: Yalonda M. James/The Chronicle https://t.co/81mIPxv17l
Falling sales have emptied out the Union Square area, but luxury brands like Chanel are expanding into the retail district. https://t.co/Zcu95kXqVk
$100,000 watch maker @LangeSoehne has opened a new store in SF’s beleaguered Union Square — and three more luxury watch stores are coming despite numerous other retailers closing https://t.co/YB07ym507p
Despite downtown San Francisco’s sea of empty storefronts, one of the world’s top luxury watch brands has opened a new boutique, just east of beleaguered Union Square. It won’t be the only one. https://t.co/G5Mw1PEnXC
Falling sales have emptied out the Union Square area, but some luxury brands are expanding into the retail district. https://t.co/7jgp5PPOi0
The macro convulsions in luxury—consolidation, tremendous profit generation, preparation for an inevitable decline—are all wrapped up in what’s happening uptown right now with the old Barneys New York building. Allow @lapresmidi to explain. https://t.co/tta8SkdLCM
Muhammad Ali's shorts from the 'Thrilla in Manila' among 350 items of sports memorabilia going to auction in New York: $12m collection includes items from Michael Jordan, Tom Brady, LeBron James and Kobe Bryant https://t.co/nGOvduCXqC https://t.co/47eytUTfiQ
Sotheby's leans into sports with auctions of Jordan shoes, Ali trunks and Kobe jersey https://t.co/BMgIXseolu
Eight watches from the collection of Michael Schumacher highlighting milestones in the career of the seven-time Formula One champion will be auctioned by Christie’s and may fetch millions https://t.co/yPqo7iiR30
Whispers about Chanel’s interest in buying the old Barney’s building speak volumes about the enduring obsession of big luxury conglomerates with buying NYC real estate. @lapresmidi explores. https://t.co/xcMSoDLXQb
Four New High-End Watches Collectors Are Lining Up For https://t.co/GD4TJs1ss6