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Blank cheques from LVMH sustain the Phoebe Philo phenomenon

British fashion designer Phoebe Philo’s stellar reputation is keeping LVMH on board, despite her brand’s heavy losses.© Studio Pachamama

With her new collection due out shortly, the British fashion designer has announced a tripling of turnover in 2025. But this masks the reality of a brand that was not financially viable in 2024 and is only surviving thanks to the millions in cash that are being injected by its minority shareholder LVMH, which has yet to see a penny's return on its investment.

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Creeping power struggle within family office of Qatar's former PM

Former Qatari Prime Minister Hamad bin Jassem Jabr al-Thani, a shareholder in luxury groups including the hotel operator Maybourne, is advised by a number of financial and property experts who are currently battling it out for influence.

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Houses

Hermès relaxes its US sales policy under class action pressure

Despite having been dismissed twice, the case filed against Hermès in a Californian court has prompted the luxury goods company to introduce greater transparency into the process of obtaining its most exclusive handbags on the US market.

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Entourage

Trio of short sellers target Accor

For several weeks, the hotel giant has been contending with a group of hedge funds speculating on a fall in its share price.

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Customers still looking for their lost luxury goods after Monogram's collapse

Months after the second-hand retail site went into receivership, many clients still have no news about the items they entrusted to it. With less than half of these products reportedly returned, uncertainty remains about the whereabouts of those missing.

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