Emma Gwyther, the CEO and founder of Interluxe Group, has long been a fixture in the luxury space, particularly within the world of high-end automotive experiences.

The mansion in the northern Chicago suburb has landed a potential buyer 12 years and six months after the National Basketball Association megastar put it on the market.

Nazarian — who made his name in hospitality with bars and clubs in Los Angeles and buzzy hotels such as the Delano, Mondrian and SLS — is creating a new wellness-focused collection of hotels, residences and preventive medicine centers called the Estate.

The Wertheimer brothers, via their family office Mousse Partners, and Francoise Bettencourt Meyers’ family vehicle, Tethys Invest, have bought a minority stake in the fashion brand created by Mary-Kate and Ashley Olsen.

Changing tastes and a changing climate see wine regions famously known for their reds producing some spectacular new vintages of white.

Johann Rupert told shareholders at the Swiss luxury conglomerate’s annual general meeting that global demand for watches “has gone past the boom,” held back by subdued sales in mainland China and Hong Kong.