Tactical moves, succession challenges, talent pools: discover Glitz, the first investigative publication dedicated to the global luxury sector

Tactical moves, succession challenges, talent pools: discover Glitz, the first investigative publication dedicated to the global luxury sector

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RUSSIA

Luxury sector eludes effort to seal Ukraine sanctions loopholes

One of the first packages of EU sanctions banned luxury groups from doing business in Russia.
One of the first packages of EU sanctions banned luxury groups from doing business in Russia. © Studio Pachamama
After Moscow annexed four Ukrainian regions last week, the European Union and the United States sought to tighten the grip of sanctions already in place against Russia, particularly over the trade in luxury goods. But at the eleventh hour, brands that have long prospered from their Russian clientele have managed once more to slip through the cracks in Europe. [...] (690 words)
Issue dated 06/10/2022 Reading time 3 minutes

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Further reading
Alain Bejjani (left) has been replaced by Ahmed Galal Ismail (right) as CEO of the UAE-based Majid Al Futtaim Group, whose main shareholder is now Tariq Al Futtaim (centre). © Studio Pachamama
Spotlight
MIDDLE EAST 19/01/2023

New generation has changes in store for mall giant Majid Al Futtaim 

The Majid Al Futtaim Group - a key partner of the luxury giants that all have shops in its Middle Eastern malls and hotel lobbies - is gradually being taken over by the founding family's third generation.
Place Vendôme shopping centre, located in the new district of Lusail, 15 km from Doha. © Studio Pachamama
Spotlight
MIDDLE EAST 29/09/2022

Qatar mega-mall Place Vendome stakes claim on luxury windfall 

Qatar is intent on recouping some of the funds its nationals spend in the boutiques of Paris, London and Geneva. With some of the world's most avid luxury consumers, the emirate is growing its own investment in the sector, sharpening its efforts before football's World Cup kicks off there in November.

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