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Two new names this week: one for Paid subscribers on Substack, one for Professional subscribers.
One of them is in a place you’d never expect to find me, especially straight off a week on holiday.
Links to each below👇
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Intern Pierre
14.6K posts
Intern Pierre
@internpierre
Luxury & markets analysis without the PR gloss. On-the-ground channel checks from Monaco to Madison Ave. Coverage includes LVMH, Ferrari, RH, Hermès, Cucinelli
Monaco Katılım Ekim 2023
726 Takip Edilen6.1K Takipçiler
Neymar gets humiliated at the World Cup and then brags about spending $1 million on a Jacob & Co watch.
Jacob doesn’t make their own movements.
They outsource to the same factories as mid brands, then charge a 10x markup.
A scam for suckers.
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Holy depreciation!
A 2024 Ferrari 296 GTB is listed at Ferrari of Palm Beach for $312k
Optioned like this (Argento Nürburgring, Terra Bruciata, carbon everywhere), these stickered roughly $400k–$430k new so a loss of around 27% with only 425 miles.
Not a great sign... $RACE
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@T3_RM Yes, certainly seeing it in the local Chinese market with customers moving towards local brands instead of the big names.
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@internpierre When I was in Brazil many, many years ago I was very surprised by the high quality, stylish, inexpensive clothes made by unknown local brands. I suspect the same is now in Russia, Turkey, China etc. The big luxury labels are going to kill themselves with this pricing.
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Instead Dior decided go slap it on their products
Autism Capital 🧩@AutismCapital
They don’t make masterpieces like this anymore.
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@Renovatio_News @libsoftiktok I don’t care either way, I don’t live there and it doesn’t impact me. Just curious how it’s possible that illegal immigrants can rent apartments or get a bank to write a mortgage
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@internpierre @libsoftiktok Exactly, also, over 30% of all NYC legal residents are foreign born, this is just a dumb racist clickbaiting take.
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40% of NYC rentals are occupied by people born outside the US.
We don’t have a housing shortage.
We have an illegal alien invasion.
Mark D. Levine@MarkLevineNYC
Rents in NYC have just hit an all-time high. Median market rate in June… Manhattan: $5,295/mo (+8.2% year-over-year) Brooklyn: $4,350 (+8.1%) NYC’s housing affordability crisis is at DefCon 1. We need to push harder on every front to address our housing shortage. Update zoning, invest more City $ in affordable units, lower the time & cost City bureaucracy imposes on construction, get 1000s of vacant regulated units back on the market. We need bold action. This is a crisis.
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Intern Pierre retweetledi
French unemployment is forecast to reach its highest level since 2019, raising fresh concerns over the fragility of the euro area’s second largest economy bloomberg.com/news/articles/…
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@Davret1 @evomagazine Maybe I’m getting old 🤷🏻♂️ they seem to lack any emotion (if that makes sense)
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The Audi Nuvolari is the marque's fastest model ever, with a Lamborghini heart. We take a closer look.
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Intern on his way back from the first site visit
Kalshi Sports@KalshiSports
🚨📸 | Erling Haaland arrived back in Norway with a raccoon.
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Intern Pierre retweetledi
EXCLUSIVE: EXCLUSIVE Watches of Switzerland held talks over potential takeover offers, sources say reut.rs/3R5ptMb reut.rs/3R5ptMb
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@RepBrandonGill How do they qualify to rent the apartments if they don’t have credit in the US?
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40% of NYC renters are foreign-born, and many are here illegally.
Mass deportations fix that math fast.
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@internpierre Waiting for announcement of AI partnership to use AI as an in store personal stylist to pick out suits based on body type and skin tone.
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Men's Wearhouse owner Tailored Brands files for IPO under ticker "MENW"
From 400+ store closures and Chapter 11 in 2020 to 1,000+ locations today, now aiming for 500+ new stores over the next decade (lol)
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@psyduckcapital @monacodailynews There’s on in the Nice airport I’ll stop at if I forgot to eat and it’s always been mediocre just surprised it’s been growing at what seems to be a pretty good clip 🤷🏻♂️
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@internpierre @monacodailynews It’s gotten overpriced af, courtesy of private equity, I don’t know anyone that goes there unless the can expense on corporate
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Danish juice bar chain Joe & The Juice opened its first location in Monaco on Wednesday, July 8, taking a spot on the top floor of the Métropole Shopping Center, just a day after debuting its first Nice location. The opening reflects a carefully planned… rt.news.mc/TTWJ1N
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ISS & Glass Lewis are urging Burberry holders to reject a new CEO pay plan at Wednesday’s AGM
It adds a bonus up to 300% of salary atop Schulman’s 150% award, pushing total comp to a possible £9.4m
Backdrop is a bit awkward with FY rev -2%, missed profit, shares -18% YTD 🤷🏻♂️
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Intern Pierre retweetledi
It's like if Henry Ford made his first cars mimic the feel of horses and smell like manure.
Sawyer Merritt@SawyerMerritt
Lexus says its upcoming all-electric LFA supercar will use vibrations and other sensory feedback to mimic the feel of a combustion engine. "We’re not just wanting to replicate the sound of the engine: we want to redesign the sound itself so the car feels more alive and authentically connected." The production version of the car is expected to be unveiled at the end of this year/early next year. Concept unveiled in Dec 2025:
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