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Luxury sector prays for Notre-Dame shopfront

The luxury sector is muscling in on the heart of Paris.© Photomontage by Glitz – Sources: Nitish Goswami (Unsplash), Sebastian (Unsplash)

Now that the famous Paris cathedral has been rebuilt and restored thanks to donations from luxury industry magnates, property developers and local authorities are engaged in a tug-of-war over a proposed new shopping centre on the square in front of it.

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Families

Rolex
Hans Wilsdorf Foundation keeps it in the well-heeled family

The Hans Wilsdorf Foundation holds 100% of Rolex's share capital.© Photomontage by Glitz – Sources: Eric D ricochet69 (Alamy), Borges Samuel (Alamy)

The foundation, which holds 100% of Rolex's share capital and finances many municipal projects in Geneva, tends to restrict membership of its board to the upper echelons of Genevan society.

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How much does Ralph Lauren earn?

And at the age of 85, the founder remains the highest-paid person in his company.

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Houses

Chanel
CFO Philippe Blondiaux quits board

CFO Philippe Blondiaux is the latest exec to step down on Leena Nair's watch.© Photomontage by Glitz – Sources: Jeenah Moon (Reuters), imd.org

Chanel CEO Leena Nair is continuing to replace the brand's long-standing executives with younger leaders who are not exclusively male. The next departure to be announced is that of the chief financial officer.

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LVMH
Internal promotion for new director of Fendi France

Geoffrey Chiaradia is to be the new head of Fendi's French operations.© Photomontage by Glitz – Sources: HJBC (Alamy), Linkedin

The double-F brand has just found a successor to its previous France director, Alessandra Basso.

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Baccarat
Crystal manufacturer under fire from tax authorities

Baccarat has been embroiled in a tax dispute for the last couple of years.© Photomontage by Glitz – Sources: Glenn Harper (Alamy)

Baccarat is cautiously returning to growth, but the French firm is facing a claim from the tax authorities for more than two million euros. It is disputing the bill.

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ARCHIVES

Spotlight
Luxury sector prays for Notre-Dame shopfront

Families

Rolex
Hans Wilsdorf Foundation keeps it in the well-heeled family

Bonus
How much does Ralph Lauren earn?

Houses

Chanel
CFO Philippe Blondiaux quits board

LVMH
Internal promotion for new director of Fendi France

Baccarat
Crystal manufacturer under fire from tax authorities

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Glitz on social media

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About Glitz

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Indigo Publications' websites

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ARCHIVES

Spotlight Luxury sector prays for Notre-Dame shopfront

Families

Rolex Hans Wilsdorf Foundation keeps it in the well-heeled family

Bonus How much does Ralph Lauren earn?

Houses

Chanel CFO Philippe Blondiaux quits board

LVMH Internal promotion for new director of Fendi France

Baccarat Crystal manufacturer under fire from tax authorities

About Glitz

Subscription

Glitz on social media

Indigo Publications' websites

Spotlight
Luxury sector prays for Notre-Dame shopfront

Rolex
Hans Wilsdorf Foundation keeps it in the well-heeled family

Bonus
How much does Ralph Lauren earn?

Chanel
CFO Philippe Blondiaux quits board

LVMH
Internal promotion for new director of Fendi France

Baccarat
Crystal manufacturer under fire from tax authorities