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Fendi frets over rent on its Rome HQ

Fendi's cost-savings in Paris could well be cancelled out by rent rises in Rome.© Studio Pachamama

The luxury fashion house is already paying a substantial amount for its premises in the Palazzo della Civiltà Italiana in the EUR business district, and now the owner of the building is looking to negotiate a rise in the rent.

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Estée Lauder heirs revise their definition of ‘family'

Since the death in June of Leonard Lauder, the son of the cosmetic empire's founder, the Lauder family have been putting in place their inheritance arrangements. The heirs have in recent months been gradually withdrawing from the operational side of the business while retaining control over decision-making.

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Houses

Zadig & Voltaire sells shops to pay off its debts

The French clothing brand founded by Thierry Gillier owns several stores in Paris's luxury shopping districts. It is selling them off one by one.

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Entourage

US customs target UPS's largest sorting centre in counterfeiting crackdown

The US Customs and Border Protection office in Louisville, Kentucky, has in recent months seized more than 200 fake luxury watches. The CBP inspections target in particular the sorting centre there for UPS, the preferred carrier for counterfeiters.

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Surprise luxury guests for Macron's state visit to Beijing

The French president is on a trip to China and has brought with him bigwigs from France's luxury sector, which has been hit by soured relations between the two countries. LVMH's Marc-Antoine Jamet and L'Oréal's Vincent Boinay are among them, even though they are not on the official guest list.

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Golden Triangle banks cool on cash

Amid a spate of investigations into the retail practices of high-end boutiques on Avenue Montaigne and the Champs-Élysées, the outlets' banks have stepped up precautions.

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More leading lights of luxury world receive top honours

Léna Mahfouf, Lucien Pagès, and Charles de Vilmorin are among the fashionistas to have been inducted into the Order of Arts and Letters in recent months, thanks to Culture Minister Rachida Dati.

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