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Spotlight | Hermès
In Moscow, buying a Birkin has never been easier

Hermès's iconic Birkin and Kelly handbags are readily available at Moscow's top department store Tsum.© Photomontage by Glitz – Sources: Hermès, tsumrussia.com

Moscow department stores are far from empty, despite the draconian Western sanctions on Russia. The iconic Tsum store has turned to the second-hand market to keep its customers happy. It has become a paradise for Kelly and Birkin bags, which are much easier to get hold of there than in the West.

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Families

Kuwaiti ruling family
Al Sabah dynasty struggles to offload luxury Paris mansion

Kuwait's Al-Sabah family is hoping to get €28m for its Parisian des res.© Photomontage by Glitz – Sources: Google maps, CVB (Wikimedia)

Kuwait's ruling family keeps a lower profile than some of its Gulf neighbours, but it too is a player in the Paris real estate game. It has been trying to find a buyer for a townhouse since 2022, but legal wrangling has delayed the sale.

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Houses

Hermès
Still no trace of 'quota bags' looted in Marseille

The shopfront of Hermès's Marseille store, looted on 17 October.© Photomontage by Glitz – Sources: Thibaud Moritz (AFP)

Nine days on from the looting of its Marseille boutique on the fringes of France's nationwide 17 October demonstrations, Hermès has yet to recover a single stolen item. Glitz understands that several dozen handbags went missing, including some of the most coveted models in the world.

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LVMH
Luxury giant fined for late payment

The French finance ministry found LVMH to have been remiss towards its suppliers.

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Entourage

Selfridges
Upscale retailer is out of the red, but not the woods

At Selfridges, a return to profit has come at the cost of jobs.© Photomontage by Glitz – Sources: Dylan Garcia Photography (Alamy)

Selfridges has posted its first profit since 2019, but it got there by cutting the head-office teams behind its reputation, and its sales are still falling

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