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Behind-the-scenes battle for 5.7% Hermès stake to become public feud

Implicated in the Hermès affair, the Swiss businessman Éric Freymond committed suicide on 23 July at the age of 67.© Studio Pachamama

Wealth manager Éric Freymond is preparing to go public over his legal dispute with Hermès heir Nicolas Puech, who claims to have been defrauded by his decades-long financial adviser. The tactic is tried-and-tested for Freymond, who has previously used it to secure a settlement from publicity-shy opponents.

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Aerin Lauder, the heiress who goes it alone

Aerin Lauder, granddaughter of Estée Lauder, founder of the namesake brand.© Studio Pachamama

The granddaughter of company founder Estée Lauder has just cut back her involvement in the family business as it weathers an economic crisis.

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Lagerfeld heirs give up fight with French taxman

The former Chanel artistic director's nine heirs, in dispute with French tax authorities for more than four years, have just ended their legal challenge over the tax adjustments and penalties imposed on them. The move suggests the designer's estate may soon be settled.

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Houses

Inside the secret WhatsApp groups of Paris luxury boutiques

Faced with increasingly well-organised thieves, shops on the Avenue Montaigne and the Rue du Faubourg Saint-Honoré are resorting to informal means to stop shoplifters.

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Legal battle could cost Balenciaga its central Paris flagship

The landlord of Balenciaga's flagship store on the Rue Saint-Honoré filed a complaint accusing the Kering brand of using a conspicuously complex arrangement to occupy its premises. The case could see the luxury house evicted.

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After Polène, LVMH and L Catterton set their sights on other 'affordable luxury' targets

L Catterton, LVMH's investment fund, last week took a stake in the Polène leather goods brand. The move is part of a strategy of diversifying into non-luxury fashion that could continue with further acquisitions.

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Acne Studios slapped with hefty tax bill

French tax authorities have served the Paris branch of the Swedish designer label Acne Studios with a bill for more than €1m in unpaid taxes.

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Counterfeiters quick to thrive on Celine's quiet success

As a pioneer of the "quiet luxury" trend, Celine and its bags have become the target of a major imitation operation.

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Capri-Tapestry merger: the hush-hush involvement of Chanel and LVMH

A merger between the two US luxury giants that has been blocked by the Federal Trade Commission has received behind-the-scenes backing from their main European competitors. LVMH and Chanel have a vested interest in getting involved, fearing that their own future acquisitions could also be opposed.

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Entourage

Private diamond brokerage rocked by mega trial

The trial of the French-Israeli "Bluediams" network, accused of defrauding more than 200 victims, opens on 20 October in Nancy, eastern France. It is the first major trial to hit the private diamond brokerage business, which is as prosperous as it is scam-prone.

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