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Spotlight | LVMH
The Emirati fund, the ex-chancellor and the Mayfair ghost hotel

It turns out that ex-chancellor Nadhim Zahawi is behind the fund that now owns the Cheval Blanc site in London.© Photomontage de Glitz – Google Maps | Foster + Partners | Dan Kitwood (Getty Images via AFP)

It was meant to be LVMH's London showpiece: a luxury hotel just a stone's throw from Bond Street. Scheduled to open in 2022, it was quietly scrapped by the fashion giant, and the site was taken over by an enigmatic fund, behind which Glitz has identified a well-known British political figure.

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Families

Wertheimer family
2025 Chanel dividends down but still very generous

The brothers Gérard and Alain Wertheimer, owners of Chanel.© Photomontage by Glitz – Sources: Abd Rabbo Ammar (ABACA via Reuters Connect)

The French fashion house bucked the slump in the luxury industry and continued to grow in 2025. It did, however, cut shareholder dividends by nearly half, even though these remain among the highest in the sector.

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Houses

Francis Kurkdjian
LVMH extends control over luxury perfumer

Véronique Courtois, new president of perfume house Francis Kurkdjian.© Photomontage by Glitz – Sources: LVMH, Maison Francis Kurkdjian

LVMH has increased its stake in Francis Kurkdjian, which is now directly presided over by the head of the luxury giant's beauty division. The changes come at a time when the perfume house is for the first time experiencing a drop in revenues.

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LVMH
Moët Hennessy banks on tourism to buoy struggling champagne houses

Jean-Jacques Guiony, CEO of Moët Hennessy. © Photomontage by OJJ – Sources: Miguel Medina (AFP)

LVMH's champagne brands, like the rest of its wines and spirits business, have not been performing well of late. In the hope of reversing the trend, the leading champagne houses are now banking on wine tourism.

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Entourage

Fashion Week
New fashion event to make a splash at Cité university following Louis Vuitton wave

Another controversial fashion event is to be staged at Cité university in Paris.© Photomontage by Glitz – Sources: Riccardo Milani / Hans Lucas (AFP)

Despite Pharrell Williams' recent fashion show on the Paris campus sparking an outcry among its student residents, accompanied by a storm of criticism online, the Parisian institution will be doing it all over again next week.

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