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Olivia Grégoire, the French luxury sector's favourite member of parliament

French MP Olivia Grégoire is increasingly vocal on issues such as fast fashion and lab-grown diamonds. © Studio Pachamama

France's former minister for small business, now a humble MP, has forged valuable links with the luxury and fashion industry and serves as its spokesperson in the National Assembly. Olivia Grégoire is increasingly vociferous on issues such as fast fashion and lab-grown diamonds.

Subscribers only France Entourage

Families

Arnault family buys a million LVMH shares as stock price continues to drop

The fall in the luxury giant's share price, aggravated by fresh US tariffs on French wines and spirits, nevertheless allows the Arnault family shareholders to increase their stake in the company, with the aim of crossing the critical threshold of 50%.

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Legal stunt aimed at Hermès heir Nicolas Puech backfires

Just days after it was filed in the United States, a complaint whose sole aim was to try to show that Nicolas Puech, heir to the Hermès fortune, is still in possession of the group's six million shares that he claims to have lost has been withdrawn.

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Houses

Louboutin ordered to pay heavy arrears by Italian tax authorities

Christian Louboutin's production plants in Italy have run into trouble with the Italian taxman over the prices they charge other group subsidiaries for their products. Until now, Louboutin, which is structured around holding companies in Switzerland and Luxembourg, has managed to avoid such pitfalls.

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With new Paris flagship yet to open, Gucci's Rue Royale store is struggling

The results of Gucci's existing flagship on Paris's Rue Royale are well below what is expected for an outlet of its size. A poor performance linked in part to operational problems.

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Hermès battle against internal counterfeiters suffers setback

Five years after getting a group of employees convicted for making fakes of the luxury brand's bags, Hermès has suffered a legal setback after a court ruled against it over its sacking of an employee it accused of failing to denounce the counterfeiting network.

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Entourage

China may open counterfeit floodgates in retaliation for US tariffs

China is mulling giving free rein to counterfeiters, particularly those which target US luxury brands, in response to Donald Trump's harsh new tariffs. Russia had a similar reaction two years ago in response to US support for Ukraine.

Free access

Counterfeiters
A Max Mara coat for €150: Tunis underground designer goods market brings European resellers flocking

Discount designer goods are winding their way from Tunis to second-hand luxury sites in Europe. © Studio Pachamama

The Tunisian factories that make clothes and accessories for Celine, Max Mara, Longchamp and others sell a percentage of their wares locally at rock-bottom prices. But some unscrupulous retailers are smuggling the goods into Europe and selling them second-hand with a high markup.

Subscribers only Europe, Tunisia

Antoine Arnault and foodie financier Butler compete to buy art deco brasserie Le Basilic

Placed in compulsory liquidation, the Paris brasserie, complete with its original 1930s décor, is attracting a lot of interest. Antoine Arnault and his associates are going head-to-head with Walter Butler, already a shareholder in L'Ambroisie, Pierre Hermé and the Moma Group, in the race to acquire it.

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