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Celebrities drive up Fashion Week front row prices

Publicity-hungry brands are paying celebrities top dollar to grace the front rows of their fashion events. © Photomontage by Glitz – Sources: Sipa USA (Alamy)

Famous people are an essential part of media coverage for fashion shows, yet they are becoming increasingly demanding when it comes to attending these events. This is forcing some brands to develop parallel techniques so they too can benefit from stars' visibility.

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Families

Arnault family eyes Al Thani apartment opposite Eiffel Tower

As revealed by Glitz, the four-storey property overlooking the Champ-de-Mars that belongs to the emir of Qatar's cousin is up for sale - and the owners of LVMH have rushed to the front of the queue.

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Dividends triple for Clarins owners

The Courtin family, owners of the cosmetics group, are enjoying soaring dividends.

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Houses

Is Chanel banking on Nevold upcycling platform to solve problem of unsold stock?

Touted by Chanel as its latest sustainable initiative, the creation of the new entity may also address the tricky issue of how to offload surplus stocks. The company denies this is the case.

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Entourage

Ritz Paris to renegotiate French bank loan

At a time when its sole shareholder, the Al-Fayed family, looks increasingly likely to be targeted by lawsuits, the five-star hotel in Place Vendôme is set to renegotiate a substantial bank loan.

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Banks fret over loans to ultra-luxury property developer Ultima

The losses racked up by Ultima Capital, which owns 15 sumptuous villas in Europe, are a source of concern for the banks that have lent large sums to the company, not least the Swiss bank Reyl (a subsidiary of Italy's Intesa Sanpaolo).

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French Senate drafts law to counter money laundering in luxury sector

After six months of hearings, the French Senate's commission of inquiry into financial crime has identified several areas of serious criminal activity in the luxury sector and intends to counter them with new legislation.

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Latest robbery adds to Monogram's financial woes

Not only has the luxury consignment platform been struggling to pay its customers for several months, its Paris showroom has just been robbed for the third time in a year.

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Front Row
Catherine Dumas, the French luxury industry's Senate champion

Senator Catherine Dumas has shown a consistent dedication to the luxury industry over many years.© Studio Pachamama

The Paris city councillor, who was first elected to the French Senate in 2007, has made the luxury world her specialist domain. She is also the vice-chair of the France-China friendship group and of the Senate's foreign affairs committee, which means she can champion the industry's interests beyond parliament.

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