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Luxury property tycoon Max-Hervé George and the lawsuit building in the background

36-year-old Max-Hervé George made his fortune in real estate, but is still associated with the controversial share-price collapse of Ultima Capital.© Studio Pachamama

After building up and then selling to Hungary's Central Bank the ultra-luxury property group Ultima, the French billionaire is now turning his attention to a new investment group and F1 racing. Yet in the wake of that real estate deal lies a trail of official investigations and lawsuits.

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Families

Arnault family quietly snaps up another luxury Paris townhouse

Though the family has officially given up its designs on the Pozzo di Borgo townhouse, it recently purchased a new 1,500m2 mansion in a private road on the Left Bank of the French capital.

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David Lauren slowly but surely increases his stake in family business

With Ralph Lauren set to celebrate his 86th birthday this year, his son David, who is also vice chairman of the board, has been upping his shareholding in the company.

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Houses

L'Oréal wins damages from Bolloré Logistics over stolen cosmetics container

The logistics arm of Bolloré, a long-time L'Oréal service provider, has been found culpable of negligence by the Paris Commercial Court after 16 tonnes of cosmetics were left in a car park and disappeared in the summer of 2022.

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Kering steps up development of its beauty care arm

Launched in 2023 with the aim of bringing the manufacture and retail of its beauty care products in-house, Kering Beauté recently crossed a crucial threshold in its development.

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La Samaritaine resists encroachment of Le Bon Marché

The plan to install Le Bon Marché's boss at the helm of La Samaritaine's Pont Neuf department store is meeting with staff resistance.

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Entourage

The RealReal cuts costs thanks to AI

The online marketplace has deployed its own artificial intelligence tools to put its finances on a more even footing. But using AI is also about surviving in a market where more and more brands are opting to develop their own services for selling pre-owned goods.

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Golden Miles
Paris mayors fear being usurped by LVMH & co. in capital's chic districts

Bernard Arnault and Marc-Antoine Jamet, respectively CEO and secretary-general of LVMH.© Studio Pachamama

The four committees that promote the luxury hubs of the French capital (the Champs-Élysées, Montaigne, Vendôme and Saint-Honoré) are planning to coordinate their activities more closely. It's a worrying development for the mayors of the neighbourhoods concerned, who fear being superseded by an alliance of brands with deep pockets.

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ARCHIVES