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Ennismore’s Expansion, Dolce & Gabbana Resort in Miami, Christie’s Under Scrutiny

Luxury’s big players made their moves this week, with new hotels, billion-dollar developments, fashion’s push into real estate, and a shake-up in high-end retail.
January 23, 2026
Photo: Ennismore/Wikimedia Commons/Christie’s

The global economy continues to move at full throttle, even as the terrain beneath it shifts. This week’s developments span the full spectrum of high-end business, from Ennismore’s fast-growing hospitality empire to Dolce & Gabbana’s foray into branded real estate in Miami, and Dar Global’s $10 billion bet on Saudi Arabia’s next generation of trophy assets.

Meanwhile, Saks Global’s bankruptcy filing underscores the strain on traditional retail, and a legal challenge facing Christie’s brings renewed attention to transparency at the top of the art market.

Ennismore’s Global Growth Surge

Mondrian Maldives Photo: Ennismore

Ennismore has quietly emerged as one of hospitality’s most agile power players, rolling out an ambitious slate of more than 35 hotels and 20 new food-and-beverage concepts for 2026 as its global portfolio surpasses 200 properties.

Highlights include the much-anticipated return of Delano Miami Beach, complete with reimagined poolside villas and the revival of its iconic Rose Bar, alongside new openings in Mexico City, London, Paros, and Cape Town.

Saks Global Bankruptcy Shakes Luxury Retail

Photo: Market Screener

Saks Global, the parent of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, has entered Chapter 11 protection in what stands as one of the most consequential moments in modern luxury retail.

Burdened by debt from its 2024 Neiman Marcus acquisition and slowing demand across the sector, the group has secured a US$1.75 billion financing package to sustain operations while it restructures. The filing underscores a broader recalibration in how is bought and sold, as brands increasingly favor direct relationships with high-spending clients over traditional department-store channels.

Dolce & Gabbana’s Miami Luxury Resort Vision

Photo: Wikimedia Commons

Dolce & Gabbana brings its unmistakable Italian glamor to South Florida with a headline-making resort in Miami, developed alongside Prime Investment Group and Michael Stern. The project channels the house’s fatto a mano ethos into architecture, interiors, and service, fusing couture craftsmanship with contemporary design and Miami’s coastal energy.

Dar Global, Trump Organization Launch More Saudi Developments

The Trump Tower in Jeddah, another collaboration with Dar Global. Photo: Dar Global

Dar Global has joined forces with the Trump Organization on a US$10 billion slate of Trump-branded developments across Riyadh and Jeddah, marking one of the most ambitious real-estate plays in Saudi Arabia to date.

The pipeline spans a Trump National Golf Course and Trump International Hotel in Diriyah, alongside mixed-use residential and commercial projects in Jeddah. Anchored to Saudi Vision 2030 and bolstered by new foreign-ownership laws, the partnership targets global investors eager to secure trophy assets in what is fast becoming the Middle East’s most closely watched market.

Christie’s Disclosure Under the Spotlight

“Femme dans un rocking-chair (Jacqueline)” by Pablo Picasso was sold in 2023. Photo: Christie’s

A high-stakes legal drama has gripped the art world as collector Sasan Ghandehari has taken Christie’s to the English High Court, alleging the auction house failed to disclose that the Picasso’s “Femme dans un rocking-chair (Jacqueline)” had been owned by a convicted drug trafficker before its 2023 London sale.

Ghandehari’s suit claims Christie’s misrepresented the provenance by implying the prior owner had died and omitting the fact that José Mestre Fernández had been convicted of cocaine trafficking, information he says would have altered his decision to guarantee the purchase. The case could force top houses to rethink transparency and due-diligence practices at the highest tier of the market.

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