luxury

The Dodgers are already well on their way to paying luxury tax penalties for a fifth consecutive year.

Ohtani’s historic deferrals have kept the team’s actual payroll levels flexible, and seemingly made club executives more willing to pay luxury tax penalties long-term.

Mulberry is among several firms to have been hit hard by a sharp decline in luxury spending worldwide.

A 10-year-old boy and his grandfather have joined forces to set up a luxury woodwork business.

The company’s so-called experiences division, which consists of its theme parks, cruise line, luxury travel experiences and merchandise, contributed nearly 60% of Disney’s operating income this fiscal year.