NEW YORK] French luxury goods group LVMH is in discussions with multiple buyers to offload its fashion label Marc Jacobs, ...

PARIS] French luxury group LVMH saw net profit plummet 22 per cent in the first half of 2025, the company announced on ...

Justin Mateen has purchased a luxury five star resort in Santa Barbara, California, for $82.2 million and intends on making ...

See inside El Encanto Hotel, the luxury property in the Santa Barbara hills that LVMH just sold for $82.2 million.

Tech entrepreneur Justin Mateen and brother Tyler Mateen acquired El Encanto Hotel in Santa Barbara, California, with plans for $40 million of upgrades.

Santa Barbara Icon Purchased from LVMH, New Era of Stewardship to Honor Soul of Landmark Property SANTA BARBARA, Calif., July 08, 2025 (GLOBE NEWSWIRE) -- Justin Mateen and Tyler Mateen, in ...

LVMH is saying goodbye to its sole stateside resort. The luxury conglomerate has just sold its only U.S. hotel, the five-star El Encanto resort in California. Nestled in an exclusive enclave in Santa ...

Santa Barbara’s five-star gem El Encanto Hotel is under new ownership after Justin Mateen, Tyler Mateen and the Cayton family combined to purchase the historic estate for $82.2 million. Announced July ...

El Encanto, now a member of the prestigious Leading Hotels of the World portfolio, will remain open year-round during the transition, offering uninterrupted guest services. The hotel’s ...