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Spotlight
Arnault family on the verge of controlling over 50% of LVMH

The fall in LVMH's share price has allowed the Arnault family to quietly grow its stake in the group to almost 50%.© Studio Pachamama

The fall in LVMH's share price, from €850 to €690 in just over a year, has allowed the Arnault family to quietly grow its stake in the group, which now sits just below an absolute majority of 50%.

Subscribers only France Families

Families

Home to luxury magnates and heirs, Paris's Villa Montmorency tightens up security

After a number of attempted intrusions and burglaries, residents of Paris's Villa Montmorency, among them several wealthy potentates of the luxury goods sector, have hired a security firm which is already protecting their stores on the Avenue Montaigne.

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Houses

When Shein and Chanel share a designer

The Chinese fast fashion giant allows young designers to market their creations on its platform in exchange for a generous commission. Some designers combine this with more prestigious work for luxury houses.

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Hermès ramps up its defences as copycat bags continue to crop up stateside

A few months after Walmart released its 'Wirkin' bag, Hermès is seeking to counterattack in the US.

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At Kering, the fight against money laundering falls to sales staff

Sales staff at Kering's stable of luxury brands are responsible for identifying buyers with potentially problematic revenue sources. They do so with a client monitoring app provided by the group.

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Berluti cashes in on African dignitary market

Senior African politicians used to frequent a select group of independent European tailors. Now they are buying more from the menswear houses of major luxury groups, particularly LVMH.

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After Balenciaga scandal, Kering faces fresh PR headache

Kering is facing a new controversy, three years after a scandal sparked by a Balenciaga ad featuring children. A victim of a French paedophile writer Gabriel Matzneff has taken to social media with a string of posts on his links with former Kering executives.

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Entourage

As Al Fayed abuse storm gathers strength, Ritz Paris gets a new chairman close to Riyadh

So far unaffected by complaints filed by victims of late former owner Mohamed Al Fayed's abuse, the Ritz Paris has replaced its chairman, financier Keith Lindsay, with a lawyer who used to manage the lucrative licensing of the Ritz brand.

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Who has the Louvre hired to organise its 'Met Gala'?

The Louvre Museum in Paris is counting on support from the fashion industry to help finance the renovation of its dilapidated premises. It has hired several agencies in the sector to put on a major fundraising dinner on 4 March.

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Front Row
Samer Al Rayes, the dentist who provides lodgings for Paris Fashion Week models

Samer Al Rayes, 34, has a property portfolio of 40 or so flats that he rents to modelling agencies. © Studio Pachamama

He has been well known for years as the preferred dentist of the top models who gather in Paris six times a year for fashion week. He has made use of his contacts, however, to build up a substantial collection of properties, where the models can be accommodated when they are not on the catwalks.

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Financier Thierry Gloaguen buys fourth modelling agency

Fever Management, which has been in receivership for over a year, has just been bought by a former member of Kering's finance team, Thierry Gloaguen. Over the past four years he has been consolidating modelling agencies into a single group.

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Instagram bans Cumaliibags counterfeiter

The Turkish counterfeiter Cumali Demirci, who specialises in fake Hermès products, has had his Instagram account deleted.

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