Day’s wrap: Stock markets, Tag Heuer, Rolls-Royce, Mediterranean yacht charters and Neiman Marcus

March 12, 2020

Wall Street has taken an unprecedented beating this week. Image credit: The Welcome Blog

Luxury Daily's live news:

Words from a money manager as stock markets nosedive
What is a top money manager advising her wealthy clients?

Tag Heuer’s third edition smartwatch geared to sporty lifestyle
The new version comes on the heels of the Connected Golf Edition that Tag Heuer launched last year.

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Rolls-Royce debuts Silver Bullet limited-edition roadster in homage to Roaring Twenties attitude
Rolls-Royce Motor Cars has launched its first collection car of the decade as an ode to the decadence, heady days and frivolity of the Roaring Twenties of the last century.

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New VAT rules to hit yacht charter business in the Mediterranean
This year’s Mediterranean charters will face some radical VAT changes as a result of the European Commission’s action against the simplified VAT structures on short-term yacht charter adopted by countries such as Italy, France, Malta and Cyprus.

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Neiman Marcus Group to shut off-price stores, slash 750 jobs and unify ecommerce and in-store teams
In yet another change afflicting luxury retail, U.S. department store giant Neiman Marcus Group is revamping its operations, including shuttering its off-price business, merging in-store and online teams and selling off two distribution centers in Texas.

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Morning's lead story: Aman, purveyor of ultra-luxury hospitality, banks on social encounters for new Janu hotel line

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