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Spotlight
Top luxury houses caught up in financial woes of Villa Noailles

Accused of financial mismanagement, Villa Noailles is trying to weather the storm.© Studio Pachamama

In the spotlight following a Ministry of Culture audit, the financial mismanagement of Villa Noailles, a nurturing ground for French design talent, has occurred under the stewardship of a board that boasts many leading figures in the fashion industry.

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Families

Wertheimers hit the jackpot with record dividends

Chanel is no exception to the crisis gripping the luxury goods industry: the fashion house ended 2024 with a 4.3% contraction in revenues and a 28.2% fall in profits. Yet this slowdown did not affect the Wertheimer family, who received record dividends.

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Front Row
Sao Bheekharry, the Brioni master tailor at the beck and call of François-Henri Pinault

Sao Bheekharry, who is often busy repairing François-Henri Pinault's suits, even during the Cannes Film Festival.© Studio Pachamama

As one of the most experienced tailors at the Italian menswear brand, a Kering subsidiary, Bheekharry is regularly called upon by the luxury group's CEO, Pinault. Yet that more personal role can often prove more than a little demanding.

Subscribers only France, Italy

Arnault family repatriates part of its Luxembourg shareholdings

Luxembourg was for a long time favoured by LVMH and the Arnaults for managing its assets and conducting key financial transactions. But some of the holding companies are now being relocated elsewhere.

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Accor hotel boss Sébastien Bazin runs into trouble with personal investments

The luxury hotel located in the chic Molitor complex on the western edge of Paris, which is jointly run by Bazin's personal holding company and the Colony IM investment management firm, is struggling financially.

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Houses

Berluti store caught out by elaborate luxury scam

The flagship shops of leading luxury brands are increasingly being targeted by crooks with sophisticated schemes for robbing them of their merchandise. The latest victim is Berluti's London boutique.

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Falling demand prompts LVMH to step up war on fakes

The luxury slowdown is pushing the French giant to make anti-counterfeiting a core priority. The group is stepping up efforts by centralising control at the level of its holding company and broadening the fight to cover fake perfumes, "dupes" and the fast-growing grey market.

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Dior expands its Rue Royale store

LVMH's flagship brand is planning an impressive extension to its boutique opposite La Madeleine church in Paris.

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Luxury glasses manufacturers' underhand tactics when they don't see eye to eye

To obtain and hold on to licences from luxury brands, eyewear manufacturers and developers will go to great lengths. A lawsuit between two subcontractors of the jeweller Mauboussin has shed light on the ultra-competitive practices in this market.

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Entourage

Chicago turns into major hub for fake luxury watches

In the space of a month, there have been two record seizures at the US city's airport worth a total of more than $15m.

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Shein's surprise (and sponsored?) appearance in Sex and the City revival

The latest season of And Just Like That, the Sex and the City revival which showcases many luxury brands, includes a scene replicating Shein's branding. This comes at a time when the fast-fashion giant is fighting several proposed laws that threaten its business model.

Free access

Bristol hotel sues Catawiki for auctioning off stolen vintages

A dozen bottles of the finest French wine vanished from the hotel's cellars two years ago and resurfaced shortly afterwards on the online auction website. The grand Parisian establishment took the platform to court, where the hearings have shone a light on the blind spots of the high-end luxury e-commerce market.

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