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Counterfeiters
Luxury giants take on NYC mayor Mamdani over Canal Street fakes

Despite protests by the luxury giants, New York Mayor Zohran Mamdani has failed to take action against the counterfeit market on Canal Street.© Studio Pachamama

With an unprecedented lawsuit, private investigations, a standoff with new mayor Zohran Mamdani and deals with market vendors, the major luxury brands have stepped up their game in the war against counterfeits on New York City's infamous thoroughfare over the past year.

Subscribers only United States Entourage

Families

Estée Lauder
Family power dynamics shift amid attempted Puig merger

As talks with the Catalan company were in progress, Ronald Lauder, one of Estée Lauder's two sons, transferred part of his stake and voting rights in the cosmetics giant to his daughter Aerin.

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Courtin family
Clarins owners reinvest dividends in and beyond luxury industry

The heirs of founder Jacques Courtin, who own 100% of the company, have entrusted their earnings from the luxury cosmetics brand to a small handful of fund managers who reinvest on their behalf.

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Houses

High society
Pinaults storm summer social thanks to host Salma Hayek

The celebrated actress and wife of François-Henri Pinault will be guest of honour at the London-based Serpentine Gallery's annual event, much to the chagrin of patrons and guests from other corners of the luxury world.

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Entourage

Luxury hotels
Patrick McKillen continues to disrupt Maybourne's Paris project

Having won both arbitration cases against his former hotel group, the ultra-luxury hospitality magnate continues to harass its new owners, the Qatari royal family. Now, he's mortgaged one of their main ventures in the French capital, just as they are in the process of selling new exclusive properties.

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