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Next Nvidia?; KaDeWe Sold!; Fashion Hotel

Good morning. If you're in Milan today, Vogue's curated list of Salone del Mobile events could be useful to you. Also, find out which fashion brands are venturing into the hotel business, and who could be the next Nvidia. Another takeaway from the book, 'Don't be authentic', may come in handy.

MILAN - SALONE DEL MOBILE 2024
Visit these 15 Fashion Events

Thom Browne by Frette will be presented at Palazzina Appiani

During the Salone del Mobile 2024, luxury brands such as Prada, Gucci, and Versace are seizing the opportunity to display their creative visions. This event, taking place from April 16th to 21st, is part of Milan Design Week and is contributing to the city's vibrant atmosphere.

FASHION
Dolce & Gabbana’s First Hotel in Miami

Dolce & Gabbana unveils first US-based real estate project. In total, the “condo hotel” in Miami includes 250 rooms and suites, six food and beverage outlets, a restaurant on the ground floor, two bars in the Grand Lobby, a Pool Club restaurant and bar, demo kitchen and private dining.

TREND
Second Passports

Wealthy individuals are acquiring multiple citizenships in case of needing to leave their home country. Notably, Peter Thiel secured New Zealand citizenship, and Eric Schmidt applied for Cypriot citizenship. Popular secondary passport choices for Americans include Portugal, Malta, Greece, and Italy.

TRAVEL
MUJI Brand To Open Hotels

Boutique hotels, have been on the rise, with the market projected to grow to US$155.7 billion (S$211 billion) in 2030 from US$99.5 billion in 2023.Japanese retailer Muji is expanding its minimalist aesthetic to the hospitality sector, with plans to increase its Muji-style accommodations both domestically and internationally. The company's new business, Muji Stay, will encompass existing hotels, homes, and camps, with future projects including renovated spaces in existing hotels.

TRAVEL
You Can Book A Palazzo in Puglia

Click below ( HERR OBER ) to find out where.

FASHION
KaDeWe Sold for $1.1 Billion

Thai developer Central Group has acquired Berlin's iconic KaDeWe department store from insolvent owner Signa Prime Selection. The Thai group, a multinational conglomerate with a sprawling retail and real estate portfolio, did not confirm the purchase price. But Germany's Handelsblatt newspaper put the figure at about €1 billion ($1.1 billion).

BUSINESS
Who is the Next Nvidia?

Investors are eyeing emerging markets for the next AI wave, which could see a 61% earnings increase, outpacing stocks like Nvidia. Tech companies such as TSMC and Hon Hai Precision are leading AI investments. Interest is also growing in other regions, with firms like Vietnam's FPT Corp and South Korea's Hanmi Semiconductor seeing significant gains. Goldman Sachs is focusing on AI supply-chain components, while Morgan Stanley looks at non-tech sectors transformed by AI.

Takeaway: Emerging markets offer attractive AI investment opportunities, though with risks. Despite potential high returns, stocks can also drop quickly, indicating that increased investments can also lead to significant losses.

BOOK TAK AWAY
Don't be Authentic
Author:Stephan Wachtel

  • Authenticity is generally seen as positive but for success, seeming authentic is often more beneficial.

  • Good appearances are choreographed and rehearsed, making them not authentically genuine.

  • Coaches determine a speaker's appearance, gestures, and message.

  • Pure authenticity can damage careers and crash stock prices.

  • Spontaneous statements can lead to negative outcomes.

  • Ideal appearances are a mixture of our actual selves and the roles we play.

  • Natural talent is a myth, and charisma often comes from thorough preparation.

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