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Spotlight | Kering
Luca de Meo casts his net wide for fresh investments

CEO Luca de Meo is making a concerted effort to diversify Kering’s brand portfolio.© Studio Pachamama

A year after his appointment, the CEO is still struggling to turn Kering's brands around. And so he is now looking elsewhere for new sources of growth, quietly putting money in brands outside the group's portfolio.

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Wertheimer family
Chanel shareholders streamline their family portfolios

The Wertheimer family office has quietly offloaded its stake in one of London's largest luxury property developers.

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Houses

Prada
New shareholder continues Versace makeover

Having overhauled Versace's senior management team, as previously revealed by Glitz, Prada is now replacing other managers further down the chain. These departures come in the wake of dismissals that took place before Prada acquired the Milanese brand, some of which are being contested in the employment tribunals.

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Estée Lauder
CEO's promised millions remain virtual

On paper, Stéphane de La Faverie is one of the beauty sector's best-paid bosses, with an annual remuneration package worth more than $10m. But in practice he's only seen a fraction of that sum.

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Richemont
Ailing Delvaux forced to shutter chic Paris store

The Palais-Royal boutique opened in September 2014.

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Entourage

Dior
Jonathan Anderson switches hatmakers

Dior has been working with British milliner Stephen Jones for two decades, but the new creative director of LVMH's flagship brand has quietly begun a collaboration with his long-standing rival.

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