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Golden Miles
Milan city hall puts brakes on luxury retailers' makeover of Via Monte Napoleone

The luxury giants are locked in battle with Milan’s ecologist-led city hall over the redevelopment of Via Monte Napoleone.© Studio Pachamama

A project spearheaded by leading luxury brands to redevelop the high-end shopping district has led to a standoff with the city authorities, less than a year from municipal elections.

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Families

Rupert family
Richemont shareholders look forward to bumper dividend year

Substantial dividends are rolling in for the Ruperts in 2026 thanks to Richemont, as well as the family's non-luxury investment vehicles Reinet and Remgro.

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Houses

LVMH
Bernard Arnault upgrades chairman's office with a chief of staff

Having for many years made do with a simple executive assistant, the founder and CEO of LVMH recently recruited an experienced chief of staff, which is tantamount to a quiet revolution within the luxury goods giant.

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Accor AGM
Contested CEO Bazin gets timely endorsement ahead of pay vote

Discontent over Accor CEO Sébastien Bazin had grown in the weeks leading up to the hotel chain's AGM on 27 May, which concluded with a long speech from a "simple shareholder" (but also a former executive) glowing with praise for the embattled boss.

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Entourage

Money laundering
Yachts and private jets fly under French finance ministry's radar

Although the French government has stepped up its scrutiny of the luxury sector in an effort to crack down on money laundering, high-end transport services are currently enjoying a generous reprieve due to delays in implementing the relevant legislation.

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Monogram
Reseller facing fraud charges pursues second-hand luxury business on Whatnot

Undeterred by her legal troubles, Beverly Sonego is still active in the online retail trade.

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