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Spotlight | Estée Lauder
False claims about China sales indirectly enriched ex-boss Fabrizio Freda

Estée Lauder’s ex-CEO Fabrizio Freda seemingly benefited financially from misleading Chinese sales figures.© Studio Pachamama

Estée Lauder has agreed to pay a $210m settlement to bring to an end a case in which it was accused of communicating false figures about its sales in China to investors. The announcements allowed the beauty giant's former CEO to sell shares at a high profit before taking early retirement.

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Rupert Family
Richemont shareholders to reap record dividends

Surfing on the growth of their various jewellery brands, especially Cartier and Van Cleefs, the family shareholder of Richemont is set to collect record payouts.

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Houses

Ferragamo
Mega-boutique coming soon to Via Monte Napoleone

Ferragamo is thinking big to keep up with its competitors. The label is set to open an extensive retail space for both its men's and women's collections in Milan's top luxury shopping destination.

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Accor
Anti-Bazin revolt sucks in top luxury world players

Shareholders dissatisfied with Sébastien Bazin's stewardship of Accor are looking to coordinate their actions on the eve of the company's AGM. The luxury sector, which has multiple partnerships with the hotel chain giant, finds itself caught in the crossfire.

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Accor
Shareholder revolt against Bazin brewing ahead of crucial AGM

Frustrations over the hotel chain's lagging share price and the performance of its longstanding boss could spill over at the annual gathering later this month.

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Entourage

National Assembly
French far-right MPs tire of luxury sector

Marine Le Pen's Rassemblement National party had been presiding over the parliamentary working group devoted to the luxury industry for a year. It recently decided to wrap up proceedings before they had even really begun, in a setback for the party's efforts to establish closer ties with the sector and its leading players.

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