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New generation has changes in store for mall giant Majid Al Futtaim

Alain Bejjani (left) has been replaced by Ahmed Galal Ismail (right) as CEO of the UAE-based Majid Al Futtaim Group, whose main shareholder is now Tariq Al Futtaim (centre).© Studio Pachamama

The Majid Al Futtaim Group - a key partner of the luxury giants that all have shops in its Middle Eastern malls and hotel lobbies - is gradually being taken over by the founding family's third generation.

Subscribers only Middle East Families

Families

Touitou family sells A.P.C. but holds on to its real estate

Jean Touitou and his family entrusted the Rothschild bank with the sale of their high-end ready-to-wear brand A.P.C. late last year, but they aren't letting go of their well-located Paris building.

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Is Hermès heir Nicolas Puech still in charge of his own foundation?

Hermès heir Nicolas Puech's foundation, recently renamed Isocrates Foundation and endowed with a capital of 10 million Swiss francs, has adopted new statutes that considerably restrict its founder's role.

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Houses

Brands elbow for exposure in Netflix's Emily in Paris

Luxury labels are eager to cash in on the success of Netflix hit Emily in Paris. Some brands do make the product-placement cut, but others fail - despite offering generous sums for the privilege.

Free access

Eyewear manufacturer Logo loses €133m claim it sought from LVMH

Dropped by sole client LVMH in 2016 in favour of its Italian competitor Marcolin, the eyewear manufacturer Logo, which has since gone bankrupt, tried to obtain compensation from the luxury giant for the split - to no avail.

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Entourage

Noses seeking sweet smell of success from perfume brands

Perfume-creators are trying to earn recognition for the role they play by way of a professional association - a move causing a bit of a stink with the big brands.

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Luxury industry forms alliance with H&M and Zara in battle against labelling requirements

Luxury's big names are appealing to H&M and Zara parent company Inditex via France's fashion federation with a view to developing clothing sustainability criteria that work in their favour, and that can feature on their garments without harming their businesses.

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Tailor Ozwald Boateng's ill-suited finances

British tailor Ozwald Boateng is facing a complicated financial situation.

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