Latest in Sotheby’s Pivot Luxury
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IGM Biosciences to cut 73% of workforce as latest pivot fails to pan out, sending stock down 69%
IGM Biosciences is again cutting staff as it scraps an autoimmune-drug trial after failing to achieve the desired results.MarketWatch - 44m -
Italy’s luxury wineries rely on illegal migrant workers
Barolo, Barbaresco and other high-end wines made in Langhe region grapple with dependence on undocumented labourersFinancial Times - 7h -
As Art Sales Fall, Christie’s and Sotheby’s Pivot to Luxury
With both supply and demand for big-ticket art in a slump, Sotheby’s and Christie’s are making major bets on selling handbags, classic cars and niche experiences.The New York Times - 23h -
British luxury carmaker Rolls-Royce says super rich fueling a demand boom for bespoke models
BMW-owned Rolls Royce Motor Cars, like other luxury car brands, has seen an uptick in demand for bespoke and complex car models in recent months.CNBC - 1d -
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How Mark Zuckerberg pivoted Meta to the right
Meta CEO Mark Zuckerberg said Tuesday that he was ending professional fact-checking on Facebook and Instagram.NBC News - 2d -
Six things that will shape women's pro basketball in a pivotal 2025
WNBA free agency (and potentially big trades), Unrivaled's inaugural season, a new WNBA playoff format and possibly a new CBA are coming in 2025.ESPN - 2d -
Broncos clinch playoff berth: Bo Nix breaks Peyton Manning franchise record in pivotal Week 18 win
Nix ended his rookie regular season with a bangCBS Sports - 4d -
‘There will be a bit of a slump’: London braced for luxury hotel glut
Biggest number of room openings in more than a decade prompts concerns about oversupply and price cutsFinancial Times - 6d -
Thai PM declares luxury handbags, watches among $400 million in assets
Thailand's youngest-ever leader has more than 200 designer handbags worth over $2 million, as well as property in London and Japan, her party said.CBS News - 6d -
The Erdoğan whisperer behind Turkey’s economic pivot
Vice-president Cevdet Yılmaz has played a crucial backstage role managing the turn to financial orthodoxyFinancial Times - Jan. 2
