LVMH faces dilemma over precious Tiffany & Co franchises
The French luxury goods giant LVMH, which bought American jeweller Tiffany & Co in January 2021, enforces a strict policy regarding control of the sales chain for all its brands.
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While luxury brands jostle for the best street-level sites on Paris's grandest avenue, the big names in the hotel and events industry are on the lookout for rare roof terraces. Two are about to become available at either end of the iconic thoroughfare.
The networks involved in a sophisticated laundering technique that relies on artificially VAT-free luxury purchases made in Europe and resold in China lay dormant during the Covid-19 pandemic. But they may soon spring back to life as EU borders reopen to Chinese tourists.
Opening a Gucci shop directly opposite LVMH's Louis Vuitton boutique on the Place Vendôme wasn't enough for Kering. The group has just acquired the four buildings that make up the southeast corner where the Rue de Castiglione meets the Rue Saint-Honoré.
Since the year began, Louis Vuitton shops have been displaying spectacular installations tied to the brand's partnership with Japanese artist Yayoi Kusama. The problem is that the 93-year-old, whose signature and iconic dots are displayed on a wide range of Vuitton items, is very ill and her actual involvement in the collaboration is open to question.