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Agnelli family, Kering both coveted Versace and Jimmy Choo before Tapestry takeover

François-Henri Pinault (Kering) and John Elkann (Agnelli family) were in talks with John Idol (Capri Holdings) to acquire Versace and Jimmy Choo.© Studio Pachamama

Tapestry's summer acquisition of Capri, the Versace and Jimmy Choo parent, followed talks with Exor, the Agnelli family's fund, and luxury giant Kering. Glitz.paris has pieced together the episodes, which had remained undisclosed, until now.

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Families

With their father sidelined, Alexandre Barrière and his sister Joy share power at luxury hotel group

Joy Desseigne-Barrière remained on the sidelines amid the power struggle between her brother Alexandre Barrière and their father Dominique Desseigne. This summer, she took up an executive position in the family office that fully controls the Barrière group.

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Houses

The mysterious Belgian magnate who helped Jacquemus settle in on Paris's Avenue Montaigne

When it opened a year ago, the Jacquemus boutique on the French capital's Avenue Montaigne was heralded as a pop-up store. A year later, the shop has become a permanent fixture, with premises rented from a low-profile property magnate who is no stranger to the luxury sector.

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LVMH brands compete for share of Paris 2024 Olympic sponsorship spoils

With LVMH this summer inking its much-publicised sponsorship deal with the Paris 2024 Olympic Games, the 75 brands in the group's portfolio are poised in the starting blocks, each hoping for some global publicity.

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Generational shift at Rolex R&D department

A key figure in Rolex's R&D department quietly left the company this summer.

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TAG Heuer to invest time in huge US expansion

LVMH watchmaker TAG Heuer - the brand that Frédéric Arnault, LVMH CEO Bernard Arnault's second-youngest son, has headed since 2020 - is about to embark on a dramatic sales push in the United States. Its aim is to have 50 of its own shops.

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Entourage

EU anti-fast fashion crusade spells trouble for luxury sector

A provision in a European Union directive set to be adopted next year could force luxury groups to reveal their figures for unsold goods and prevent them from being destroyed or recycled. The sector is gearing up for a fight.

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Anine Bing's AI service provider in talks with LVMH

American company FindMine, which specialises in applying AI to online commerce and is already a service provider for Anine Bing and Adidas, is negotiating with several LVMH brands.

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