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Puig shuns fashion to turn its luxury houses into perfume showcases

At Puig, fashion is losing ground as perfumes take precedence.© Photomontage by Glitz – Sources: Nina Ricci, Pascal Le Segretain (AFP)

The Catalan beauty giant is preparing to wind down Nina Ricci's heavily loss-making fashion business. The move fits a group strategy in which catwalk shows serve only to give its fragrances visibility.

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Families

Rothschild family
Ariane de Rothschild and daughters seek to stem luxury losses

Ariane de Rothschild has plans to put the family's non-banking luxury assets in order.© Photomontage by Glitz – Sources: Christian Ferrer (Wikimedia Commons), Caron, canadianliquorstore.ca, Jonas Opperskalski (REA)

The wine, perfume and hotel assets of the Swiss branch of the banking dynasty are currently scattered and loss-making. The plan is to consolidate them in a single vehicle and try to get them out of the red.

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Houses

Kering
Top execs showered with performance-related shares despite falling share price

Jean-Marc Duplaix and Francesca Bellettini have filled their boots with free Kering shares this year.© Photomontage by Glitz – Sources: Bertrand Guay (AFP), Ludovic Marin (AFP)

Kering's chief operating officer Jean-Marc Duplaix and its former deputy CEO Francesca Bellettini received substantially increased performance bonuses this year.

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Tapestry
Coach faces potential customer backlash over Trump tariffs

Donald Trump's tariffs were ruled illegal by the Supreme Court earlier this year.© Photomontage by Glitz – Sources: Coach, Sipa USA (Alamy)

The luxury brand's parent company has not set aside for its customers a single cent of the $114.7m it is set to recover in illegal customs duties.

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Entourage

Al-Fayed family
French taxman targets the Ritz

The Ritz Paris now has fiscal woes on top of the fallout from the Mohammed Al-Fayed scandal.© Photomontage by Glitz – Sources: Le ritz, olga Yastremska (Alamy)

The shareholding family is already contending with the threat of legal action by alleged victims of Mohamed al-Fayed, and now the luxury hotel on Place Vendôme in Paris is in conflict with the French tax authorities.

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