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Hermès customers tire of jumping through hoops

Getting one’s hands on an iconic Hermès handbag has become a lottery, leaving many customers feeling undervalued.© Studio Pachamama

The illustrious house may still be posting strong financials, but stormy weather lurks behind the horizon as customers are feeling increasingly alienated by the brand's highly controlled sales practices.

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Families

Italian taxman still in hot pursuit of Gucci sisters' millions

The Agenzia delle Entrate is continuing to seek €4.5m in back taxes from Allegra and Alessandra Gucci, the great-granddaughters of Guccio Gucci, who founded the eponymous Florence-based fashion house in 1921. The case is now before Italy's Court of Cassation.

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Houses

The sparkling new owners of Stella McCartney's former Bond Street flagship

In an increasingly tricky financial situation, the fashion house owned by the designer and daughter of former Beatle Paul McCartney is doing everything it can to get its accounts back on track as it teeters on the brink of bankruptcy.

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L Catterton arranges court-appointed mediator for cash-strapped A.P.C.

A.P.C.'s pressing cashflow problems have forced the private equity firm, partially controlled by LVMH and the Arnault family, to seek a formal arrangement with the brand's creditors.

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LVMH finds new environmental partner to replace Yann Arthus-Bertrand

The environmental photographer and campaigner stepped down from the LVMH board last year. To maintain its green credentials, the luxury giant is now planning a partnership with the Conservatoire National des Plantes, which was founded in the 1950s.

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TAG Heuer internal probe disrupts restructuring of LVMH watchmaking

LVMH has been working for months on overhauling the governance of its watch division. But the findings of an internal investigation into TAG Heuer's management have disrupted the process.

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Entourage

Building work brings disruption to Faubourg Saint-Honoré

Numerous major construction projects are slated for this year on the French capital's luxury shopping street. However, the overhaul of Hermès' longstanding headquarters could hinder the road's redevelopment as planned by the City of Paris.

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