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Spotlight | Clarins, Puig, Estée Lauder et al
How beauty brands continue to quietly thrive in Russia

The beauty giants are continuing to do business in Russia, far away from Western scrutiny and any ethical concerns.© Studio Pachamama

Luxury cosmetics manufacturers have found ways to carry on selling their products in the country, despite the European Union and the US imposing sanctions on the sale of perfumes and beauty products when Russia invaded Ukraine.

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Families

The Barrière-Desseigne family
Fouquet's owners hoard their dividends

Having taken on substantial debt to regain full control of the group founded by their grandfather, Alexandre Barrière and his sister Joy Desseigne-Barrière have not paid themselves any dividends for the past three years. Only their father benefits financially from the ultra-luxury hotel group's operations.

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Houses

Chanel
The race is on with Hermès to snap up leather goods workshops

By buying five French leather goods manufacturing sites, Chanel is steadily moving towards industrial integration and also encroaching on its great rival's territory.

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LVMH
How the luxury giant lobbied to kill France's corporate surcharge

The world's leading luxury group spent part of 2025 trying to influence the exceptional corporate contribution contained in France's 2026 budget. The official lobbying register reveals a methodical offensive involving meetings at the Élysée Palace, draft wording submitted to the finance ministry and contacts with MPs in both chambers of parliament.

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Accor
Parvus ups shareholding on eve of AGM

The move comes despite the hotel chain's disappointing financial performance.

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Entourage

Cannes Film Festival
Parallel market in luxury brand party invites does a roaring trade

As they do every year, the leading luxury houses are putting on various starry events on Cannes' seafront boulevard, and as usual a host of rich but not necessarily famous people are keen to get in.

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Cannes Film Festival
Luxury darling Albane Cleret's rooftop jitters

Earlier this week, a scene unfolded at the hottest spot on Cannes' seafront boulevard that was worthy of a disaster movie. As film and fashion world stars gathered for the opening night of the Terrasse by Albane on the rooftop of the JW Marriott, the floor began to shake, prompting mild panic among the VIPs.

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