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Golden Miles
Beverly Hills takes steps to protect luxury enclave against controversial new metro

The upmarket neighbourhood of Rodeo Drive reigns supreme in Beverly Hills © Photomontage by Glitz – Sources: Svetlana Day (Alamy), Walter Cicchetti (Alamy)

The city council is quietly working to protect the interests of luxury retailers ahead of the opening next year of an underground rail connection between the extremely high-end shopping hub and the most deprived areas of Los Angeles.

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Families

Christian Louboutin
Paltry dividends for red-soled cobbler

Louboutin’s results are heading towards the red © Photomontage by Glitz – Sources: Sabino Parente (Alamy)

Last year, the owner of the luxury shoe company enjoyed a healthy return on his business. However, a slowdown has prompted him to accept a much-reduced dividend this year.

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Houses

Fendi
CEO Ramon Ros cuts costs at Italian fashion house

Fendi CEO Ramon Ros is pushing ahead with his austerity drive © Photomontage by Glitz – Sources: Lorenzo Palizzolo (Getty Images via AFP)

Fendi is continuing to look at ways to save money. Its management has just made the decision to close two prime outlets within the La Samaritaine department store in Paris.

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Dior
LVMH's flagship brand revamps Milan boutique again at great expense

Dior is currently refurbishing its flagship store in Milan, at 12 Via Monte Napoleone, at great expense. The cost of the project is at least €10m.

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Entourage

Printemps
Qatari royal family struggles to make New York department store profitable

The new Printemps CEO Rémy Baume has his work cut out © Photomontage by Glitz – Sources: Guerin Charles (ABACA via Reuters), Le Printemps

Printemps is not only battling with the trade unions in France over the cutting of 10% of its workforce, but also contending with difficulties at its Manhattan branch, just a year after it opened.

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