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Spotlight | Puig
Business is good for Catalan beauty giant in Russia

In Moscow, Puig is expanding away from the spotlight and from Western sanctions.
In Moscow, Puig is expanding away from the spotlight and from Western sanctions.© Photomontage Glitz - Sources : Wikimedia, Byredo, Charlotte Tilbury, Jean Paul Gaultier, Rabanne

The Puig group, which just acquired ISDIN for more than a billion euros, can count on a low-profile growth market: Russia. Glitz has gained access to the results of its Moscow-based subsidiary, whose sales and profits have soared since the start of the war in Ukraine, all in the utmost secrecy.

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Banque de France
Land registry oddity complicates sale of Bd Saint-Germain mansions

The land registry has made a surprise appearance in the sale of two lavish Left Bank mansions.
The land registry has made a surprise appearance in the sale of two lavish Left Bank mansions.© Photomontage Glitz - Sources : La boîte verte, Salles parisiennes, Forevent

The Banque de France has just put two mansions on the chic Paris boulevard on the market: the Varengeville and Amelot de Gournay properties, which house a Latin American diplomatic and cultural centre. But the complicating factor is that their extensive gardens extend onto neighbouring properties.

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LVMH
Restructuring of Arnault family holding companies refocuses siblings' roles

The Arnaults: Delphine, Jean, Antoine, Alexandre, Frédéric and Bernard.
The Arnaults: Delphine, Jean, Antoine, Alexandre, Frédéric and Bernard.© Photomontage Glitz - Sources : Leon Tanguy (Max ppp), Mustafa Yalcin (AFP), Ludovic MARIN (AFP)

The Arnault family's stake in LVMH, long held through three nested companies, will be consolidated into a single holding company in early 2027. This simplification has knock-on effects for the respective roles of family members.

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Houses

Cosmetics
Chanel seeks to expose two-timing retailers

Investigators at Chanel are trying to identify leaks in its normally watertight distribution network.
Investigators at Chanel are trying to identify leaks in its normally watertight distribution network. © Photomontage Glitz - Sources : Laura Chouette (Unsplash)

Having discovered that its products are being sold outside its exclusive distribution network, the luxury fashion house is trying to track down the suppliers who have been selling its merchandise on the grey market. Its investigations should soon bear fruit thanks to a recent court ruling.

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Dior
Stella McCartney sides with PETA against her former shareholder LVMH

Stella McCartney backs the animal rights activists planning a demo at Jonathan Anderson’s Fashion Week show.
Stella McCartney backs the animal rights activists planning a demo at Jonathan Anderson’s Fashion Week show.© Photomontage Glitz - Sources : Matt Winkelmeyer (AFP), Eric Dervaux (AFP)

Having recently disrupted New York Fashion Week, the animal rights organisation is planning to do the same in Paris this week, targeting the LVMH-owned Dior for its use feathers. Stella McCartney is right behind the campaign, despite LVMH having until recently held a major stake in her fashion company.

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