logo
Free flights to Milan; your own butler: The perks of being a Very Important Customer

Free flights to Milan; your own butler: The perks of being a Very Important Customer

The Age3 days ago

Forget about doll-sized face-cream samples when you're next offered a 'gift with purchase'. Spend enough and you'll get invited to King Charles' private estate or the French Riviera to party at Pablo Picasso's mansion with the world's beautiful people. Sold!
Welcome to the world of the VICs, the term giant, global, luxury brands use for their Very Important Customers. Women's Wear Daily describes VICs as customers who spend at least $US1 million a year in total. As Australia's rich get richer, we have more VICs than ever. 'It's easy to get hooked,' says Singapore-based expat and Sydney publicity queen Roxy Jacenko. 'Some people buy art to put on their walls; I buy handbags.' She now owns 28 Hermès Birkin bags. 'I sat near Kris Jenner at the Hermès Paris show. Afterwards, I got a selfie, then walked straight to the boutique on Rue [du Faubourg] Saint-Honoré and bought a 35-inch, crocodile-skin Birkin for $70,000. That's smart business for Hermès.'
Loading
Australia's VICs are not all familiar names. Sydney's Christie Arnaout, wife of panel beater-turned-billionaire property mogul Sam Arnaout, now sits front row at Hermès' Parisian fashion shows cradling her Birkin. Melbourne's Jaimee Belle Kennedy, wife of jewellery scion James Kennedy, is a VIC guest at Dolce & Gabbana's extravagant Alta Moda events and has mingled in Sardinia with Princess Diana's niece, Lady Kitty Spencer, as they ogled $200,000 frocks. Louis Vuitton recently flew half a dozen Australian VICs to Mallorca to be dazzled by sparkling pieces from its high-jewellery collection temporarily housed in the ancient La Fortaleza and Castell de Bellver. The guests browsed – and bought – the jewels in specially built suites replete with chilled Krug and a personal butler. With prices running into the millions, security was on par with that at Fort Knox.
Online luxury retailer Mytheresa recently treated VICs to flights to Milan to see the ballet at La Scala as well as a private tour of the city's Cenacolo Vinciano museum to view one of the world's most famous paintings, Leonardo da Vinci's The Last Supper, up close. And, at the time you're reading this, Burberry is taking VICs on a trip to Highgrove, King Charles' private home and gardens in the UK's Gloucestershire, to mark the launch of a collaboration. 'While there's no such thing as a free lunch, these are magical brand immersions,' says Sydney VIC, socialite, philanthropist and businesswoman Kate Champion. She partied at Picasso's home, Pavillon de Flore in Cannes' La Californie quarter, when YSL took her to the film festival last year. 'I'm pretty sure the brand's getting a solid return on its investment,' she says.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump says there's a TikTok buyer that he'll reveal in 'about two weeks'
Trump says there's a TikTok buyer that he'll reveal in 'about two weeks'

9 News

time5 hours ago

  • 9 News

Trump says there's a TikTok buyer that he'll reveal in 'about two weeks'

Your web browser is no longer supported. To improve your experience update it here President Donald Trump said in an interview there is a "buyer for TikTok," teasing an announcement to come in "about two weeks." "We have a buyer for TikTok by the way. I think I'll need probably China approval, and I think President Xi will probably do it," the president said on Fox News' "Sunday Morning Futures with Maria Bartiromo." Asked who the buyer is going to be, Trump said, "I'll tell you in about two weeks." "It's a group of very wealthy people," the president added. Donald Trump says a buyer for TikTok may be finalised soon. (iStock) It's been about five months since a law requiring TikTok to be banned in the United States unless it was sold off by its China-based parent company, ByteDance, technically went into effect. But thanks to President Donald Trump's promises not to enforce the law, neither of those things have happened, aside from an approximately 14-hour blackout in January. Trump has instead signed three orders delaying enforcement on the ban. As a June 19 deadline to enforce the sale-or-ban law approached earlier this month, Trump granted TikTok a 90-day extension. The deadline for its parent company ByteDance to hand over control of TikTok's US operations is now September 17. The delay raised questions about the status of a deal that could secure TikTok's long-term future in the US. The Chinese government has offered little public indication that it would be willing to approve a sale beyond suggesting that any deal could not include TikTok's "algorithm," which has been called the app's secret sauce. "It's a group of very wealthy people," the president teased about the buyer. (AP) In April, a deal that would have transferred majority control of TikTok's US operations to American ownership was nearly finalised. But it fell apart after Trump announced additional tariffs on China, forcing the president to announce another 75-day delay to keep the app operational in the United States. "There are key matters to be resolved. Any agreement will be subject to approval under Chinese law," TikTok parent company ByteDance said after Trump's tariff policy stalled progress on the deal in April. Former president Joe Biden last year signed the sale-or-ban law last year to go into effect January 19. TikTok briefly took itself offline, sparking outcry from creators, but quickly came back after Trump signed his first order delaying the ban's enforcement by 75 days. It was one of his first acts as president, made in hopes of reaching a deal to keep the app "alive." TikTok social media Donald Trump USA World business CONTACT US

Donald Trump says ‘very wealthy' group to buy TikTok
Donald Trump says ‘very wealthy' group to buy TikTok

Herald Sun

time9 hours ago

  • Herald Sun

Donald Trump says ‘very wealthy' group to buy TikTok

Don't miss out on the headlines from Technology. Followed categories will be added to My News. US President Donald Trump has revealed that a group of buyers has been found for TikTok, which faces an imminent ban in the United States due to its China ties, adding he could name the purchasers in two weeks. 'We have a buyer for TikTok, by the way,' Mr Trump said in an interview on Fox's Sunday Morning Futures with Maria Bartiromo. 'Very wealthy people. It's a group of wealthy people,' the president said, without revealing more except to say he would make their identities known 'in about two weeks.' The US president also said he would likely need 'China approval' for the sale, 'and I think President Xi (Jinping) will probably do it.' TikTok is owned by China-based internet company ByteDance. A federal law requiring TikTok's sale or ban on national security grounds was due to take effect the day before Trump's inauguration on January 20. But the Republican, whose 2024 election campaign relied heavily on social media and who has said he is fond of TikTok, put the ban on pause. In mid-June Mr Trump extended a deadline for the popular video-sharing app by another 90 days to find a non-Chinese buyer or be banned in the United States. Tech experts quickly described the TikTok kerfuffle as a symbol of the heated US-China tech rivalry. While Mr Trump had long supported a ban or divestment, he reversed his position and vowed to defend the platform - which boasts almost two billion global users - after coming to believe it helped him win young voters' support in the November election. 'I have a little warm spot in my heart for TikTok,' Mr Trump told NBC News in early May. 'If it needs an extension, I would be willing to give it an extension.' Now after two extensions pushed the deadline to June 19, Mr Trump has extended it for a third time. He said in May that a group of purchasers was ready to pay ByteDance 'a lot of money' for TikTok's US operations. The previous month he said China would have agreed to a deal on the sale of TikTok if it were not for a dispute over the Trump administration's tariffs on Beijing. ByteDance has confirmed talks with the US government, saying key matters needed to be resolved and that any deal would be 'subject to approval under Chinese law.' Read related topics: Donald Trump

Peter Stevens dealerships close in Geelong, Ringwood
Peter Stevens dealerships close in Geelong, Ringwood

Herald Sun

time20 hours ago

  • Herald Sun

Peter Stevens dealerships close in Geelong, Ringwood

Don't miss out on the headlines from News. Followed categories will be added to My News. Two major Victorian motorcycle dealerships closed at the weekend following the collapse of the Melbourne-based Peter Stevens retail group. The stores and showrooms at Peter Stevens Geelong and Ringwood have not been sold and have shut permanently, administrators KordaMentha said. And the City Triumph dealership which closed its West Melbourne showroom earlier this year will also not return. The stores could not be saved although a large portion of the business has been taken over, securing 250 jobs. Dozens of staff at the Peter Stevens sites at Mercer St, Geelong, and Maroondah Highway, Ringwood were only told on Friday of the closure. And customers have been left in the dark over parts and accessories orders. Triumph rider Richard Farrar ordered a $500 part from the Peter Stevens Geelong store but has no idea what's happened to his money. 'They obviously knew they were in trouble when I ordered … and it's bordering on obtaining my money deceptively,'' he said. Peter Stevens went into voluntary administration last month saddled with debt, and last week it emerged that creditors faced losses of over $65m including millions in customer deposits. The company was founded by the Chiodo brothers – Vince, Peter and Steve – in 1970 and grew into a national network of motorcycle stores and dealerships. Flagging motorcycle sales and the cost of living crisis has hit the industry hard in recent years. Some parts of the Peter Stevens group have now been taken over by private company Joe Rascal Group and ASX-listed MotorCycle Holdings. The Joe Rascal Group has will acquire the Harley Heaven stores at Dandenong, Ringwood and Melbourne, as well as Ducati South Melbourne. And Brisbane-based MotorCycle Holdings will take over the Peter Stevens Dandenong and Adelaide sites as well as Savage Motorcycles in Perth and the Harley Heaven dealerships in Sydney, Penrith, Perth and Adelaide. MotorCycle Holdings chief executive Matthew Wiesner said the company would maintain the Peter Stevens and Harley Heaven brands. The deals would mean about 250 employees would keep their jobs, Craig Shepard of KordaMentha said. The administrators said it would assist employees from the closed locations 'during the transition to closure'.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store