Insider regularly talks to young people who are making their mark in luxury - here s who we have spoken to so far ddavis@businessinsider.com (Dominic-Madori Davis) © Emilia Brandao; Courtesy the artist and Destinee Ross-Sutton 2020; Marina Raphael; Avi & Co; Yuqing . (L-R), Alex Assouline, Destinee Ross-Sutton, Marina Raphael, Avi Hiaeve. Emilia Brandao; Courtesy the artist and Destinee Ross-Sutton 2020; Marina Raphael; Avi & Co; Yuqing Liu/Business Insider
Luxury spans many sectors: fashion, watches and jewelry, travel, real estate, and even publishing and night clubs.
It could take years to build a strong luxury business, and even then, there is no guarantee that consumers will connect with the product.
Naftali Credit Partners Closes $10 Million Mezzanine Loan for Mixed-Use Development in Philadelphia s Growing University City
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Danielle Naftali sold a $35M NYC penthouse in a pandemic
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Hedge fund manager Robert Citrone (Getty)
As an emerging markets specialist, hedge funder Robert Citrone is used to eyeing distant shores for his next investment.
His bet on Compass and by extension the U.S. housing market hits a lot closer to home.
Citrone’s Discovery Capital Management is Compass’ second-largest shareholder, with a 9.2 percent stake, according to Compass’ S-1, filed this week ahead of its impending public offering.
Discovery’s investment was not previously reported, and the size of its stake is second only to SoftBank’s, which owns nearly 35 percent of the brokerage. The next biggest shareholders are co-founder Ori Allon, CEO Robert Reffkin and CTO Joseph Sirosh.
Manhattan Luxury Contracts Continue Improvement in 2021
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