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Mammoth cash sales lumber 'presidents' jeweller' Arije with record fines

Carla Chalouhi, co-owner of jeweller Arije, which is in trouble for allowing customers to exceed cash payment limits.© Studio Pachamama

The Parisian jeweller favoured by foreign dignitaries has been hit with unprecedented sanctions after repeatedly flouting a strict ceiling on cash payments. Glitz spills the beans on this hitherto undisclosed punishment.

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How the Del Vecchios won over Giorgio Armani

Glitz revealed the names last week of the three luxury groups that had tried to acquire Giorgio Armani in recent years. A week later, the late designer's will asks his heirs to do business with one of these groups.

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Houses

Tiffany's plots grandiose return to former Parisian home

Bought by LVMH in 2021, Tiffany & Co only has two mini-boutiques in the French capital. To fix this, and while waiting for the completion of its mega-flagship on the Champs-Elysées, the jeweller has worked on a return to its old Parisian address.

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LVMH lobbyists' frantic efforts in Brussels come to nought

Following the intervention in June of Alexandre Arnault, new number two at Moët Hennessy, LVMH lobbyists did their best to urge the EU to spare alcohol producers in its tariff negotiations with Donald Trump. Yet last month, despite numerous meetings, Brussels and Washington confirmed that US customs duties on alcohol would rise by 15%.

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Chinese group Icicle freezes its Carven plans

The French brand's plummeting results has prompted its Chinese shareholder to scale back its ambitions and also inject fresh capital.

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Entourage

London council denies Chancery Rosewood hotel its grand opening

Access restrictions imposed by Westminster City Council prevented the brand new five-star hotel remade by Qatar in the former US embassy in the British capital from holding a lavish launch.

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