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Spotlight
Karl Lagerfeld's former mansion is up for sale

The luxurious Pozzo di Borgo mansion in Paris, long the home of Karl Lagerfeld and today owned by the Gabonese state, will soon be back on the market. © Studio Pachamama

Currently owned by Gabon, the Hôtel Pozzo di Borgo, where German-born fashion legend Karl Lagerfeld lived for 30 years, will soon hit the market. Glitz.paris takes a backstage look at the preparations - and asking price - for what promises to be a highlight of the year for the ultra-luxury market.

Subscribers only France Entourage

Families

Hermès heirs tighten the ties that bind

Beyond creating their own investment fund, the three families that together hold a majority stake in Hermès have also set up a joint finance company to subscribe to other investment funds.

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Houses

Leonardo da Vinci and the secrets behind LVMH's Milanese palazzi

Not content with its 2022 acquisition of the Casa degli Atellani, a 14th-century mansion in the heart of Milan that has links to Da Vinci, LVMH has quietly acquired a similar building next door.

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Logistical Bermuda Triangle spirits away Sézane's profits

As Sézane expands in the United States, the French affordable luxury brand's growth has been hampered by logistical issues.

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Marni laments chronic underfunding

Brands belonging to OTB - such as Diesel, Maison Margiela and Jil Sander - are seeing their budgets steadily increase. The same is not true of Marni, however, creating resentment among its personnel.

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Jacquemus's frugal fabrics in the firing line

Despite the brand's commercial success and expansion plans, Jacquemus is lagging behind in its use of sustainable materials and opting instead for synthetics, low-quality leather and offshore production. Quality is suffering as a result.

Free access

Jeweller Damiani announces China expansion as work continues on Paris boutique

The Italian jeweller Damiani on 15 January announced that it would be opening two new shops in China, in Shanghai and in Sanya, on the tax-free island of Hainan.

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Entourage

Front Row
Vestiaire Collective's Sophie Hersan spearheads luxury's environmental turn

Sophie Hersan, Vestiaire Collective's co-founder and fashion director.© Studio Pachamama

The co-founder of the second-hand fashion website Vestiaire Collective has leapt into the sustainable clothing niche and become a go-to circularity specialist for both luxury brands and government bodies.

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Will perfume bottles come up roses and avoid new EU packaging law?

European Union member states' final talks on the bloc's packaging directive could offer luxury goods manufacturers a last-gasp chance to save their unique perfume bottles, which would otherwise be forced to become standardised.

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Luxury industry wins reprieve on clothes labelling requirements

A fresh set of measures on garment labelling in France was due to come into force early this year. But the application of those new rules, aimed at improving fashion items' sustainability, has been gridlocked since last summer, when France's environment secretary post was vacated.

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Versailles to display ads fit for a king during 2024 Olympics

Amid the Paris 2024 Olympic and Paralympic Games, a special dispensation will allow official event partners to display advertising on listed historical venues, including Versailles, much to the luxury sector's delight.

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