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

Your account has been succesfully created.

Spotlight

SAUDI ARABIA

LVMH, Kering, Richemont and Rolex face off in Riyadh, luxury's new El Dorado

The last Arab country under-equipped in malls and luxury shops, Saudi Arabia is progressively opening its doors to perfumes, jewellery and cosmetics, under Crown Prince Mohammed bin Salman's guidance. The industry's biggest names are jockeying for position. [...] (662 words)

Issue dated 27/10/2022 Reading time 3 minutes

Read this article here:

Houses

Set up email notifications for these topics

Sephora's Clean leaves rivals green with envy - and plenty of questions

The criteria for Sephora giving certain products its "green" label, decided by the brand internally, are unknown. That lack of clarity has become problematic with the LVMH subsidiary's arrival in the UK, no longer subject to European regulations.

MIDDLE EAST 02/03/2023

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.

SWITZERLAND UNITED KINGDOM 16/02/2023

Richemont basks in Bond Street properties while British brands brood

British luxury retailers may be struggling to keep their shops open on London's Bond Street, traditionally home to the country's finest brands, but sector giants like Switzerland's Richemont hold substantial property portfolios in the area.

FRANCE 09/02/2023

Kering's €800m invasion of Paris's Vendôme district

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.

FRANCE UNITED STATES 26/01/2023

Arnault family and US's Catterton make bid for A.P.C.

The sale of high-end ready-to-wear brand A.P.C. has attracted the interest of the L Catterton fund, which combines the American private equity specialist and the luxury giant LVMH's shareholding family.

Alain Bejjani (left) has been replaced by Ahmed Galal Ismail (right) as CEO of the UAE-based Majid Al Futtaim Group, whose main shareholder is now Tariq Al Futtaim (centre).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.

FRANCE 19/01/2023

Brands elbow for exposure in Netflix's Emily in Paris Free

Luxury labels are eager to cash in on the success of Netflix hit Emily in Paris. Some brands do make the product-placement cut, but others fail - despite offering generous sums for the privilege.

SWITZERLAND 12/01/2023

Pivotal Rolex organisation director calls time on her career

Following in the footsteps of lawyer Bertrand Gros, who retired as chairman of Rolex's board of directors last summer, a major figure in the Swiss watchmaker's global network left the company at the end of 2022.

The Arnault family, majority shareholders of LVMH and partners of Stella McCartney since 2019, flocked to her show at Paris Fashion Week on 2 October 2022. © Studio Pachamama

Spotlight

FRANCE UNITED KINGDOM 12/01/2023

How LVMH poured €111m into Stella McCartney Free

Officially, French luxury giant LVMH and British designer Stella McCartney have been "partners" since 2019. In fact, they have strong financial links that have grown even closer in recent months.

QATAR SAUDI ARABIA 05/01/2023

Sheikha Moza vs Princess Sara: Luxury battle royal between Doha and Riyadh

Overshadowed by the many events organised by Qatar during the football World Cup, Saudi authorities are trying to make up for lost time in the luxury sector, slated to be one of Saudi Arabia's main drivers of development alongside tourism.

CHINA 22/12/2022

Beijing prepares new generation of duty-free shops Free

Two years after giving out new duty-free operating licences on the island of Hainan, China's government is preparing another revolution in tax-free luxury shopping: duty-free shops in the hearts of cities.

The Richemont group is racking up real estate acquisitions in world luxury capitals. © Studio Pachamama

Spotlight

SWITZERLAND 22/12/2022

Richemont's hush-hush real estate acquisitions in global luxury capitals

Swiss luxury giant Richemont (Cartier, Van Cleef & Arpels, Chloé, etc.) has acquired a string of properties in luxury capitals around the world through two real estate companies registered on the island of Jersey.

EUROPEAN UNION 15/12/2022

New European allergen rules trip up cosmetic industry giants Free

After nearly 10 years of negotiations with lobbyists, the European Commission is expected in early 2023 to finalise a list of allergens that must be declared on ingredient labels for fragrance and cosmetic products. The new regulations will target 80 substances and require companies to conduct costly tests that few laboratories can perform.

FRANCE 01/12/2022

Dior races to become first fashion house at Ramses II's feet

Dior may not be the first fashion house to stage a runway show at an Egyptian historical monument, but the dinner it is hosting after the 3 December event will be held at a site never-before opened to the public.

FRANCE UNITED STATES 24/11/2022

In New York, French diplomats and luxury brands go arm in arm Free

French luxury houses have forged close ties with the various French diplomatic delegations in New York. In return, they have benefited from particularly enthusiastic ambassadors.

ITALY 24/11/2022

LVMH cutting ties between Loro Piana and traditional tailors

Both a fabric manufacturer and producer of its own ready-to-wear line, Italian group Loro Piana has built up long-standing links with tailors, to whom it has sold fabric and also enabled its own products to be sold.

SWITZERLAND 17/11/2022

Former Rolex chairman acting as trustee for Firmenich fragrance dynasty

Beyond his law firm, Geneva lawyer Bertrand Gros - who chaired Rolex's board of directors until the summer - acts as a trustee for the family that controls Firmenich, one of the world's top three fragrance producers.

SWITZERLAND 17/11/2022

The reasoning behind Cartier's discreet refit of its diamond procurement unit

Following an internal investigation, the jeweller Cartier, a subsidiary of the Richemont group, has quietly dismissed several members of its diamond procurement unit.

FRANCE 10/11/2022

Chopard's Scheufele family ploughs €19m into Hôtel de Vendôme

The shareholders of the jeweller Chopard - who have since 2014 owned the town house that hosts the boutique on Paris's Place Vendôme - are investing heavily in renovating the hotel that used to occupy the three upper floors.

FRANCE QATAR 10/11/2022

Louis Vuitton's uncomfortable sponsorship of World Cup football in Qatar Free

Ahead of football's World Cup in Qatar, Louis Vuitton is playing a delicate balancing act - torn between not alienating Qatar and its wealthy customers and fretting over its image by association with a tournament tainted by allegations of forced labour.

UNITED ARAB EMIRATES VIRGIN ISLANDS 27/10/2022

Chalhoub Group parks holdings in offshore niches Jebel Ali and Tortola

Long based in Luxembourg, Chalhoub Group - a gateway into the Middle East for luxury giants - has gradually restructured itself around holdings in the British Virgin Islands and Dubai.

Spotlight

CHINA 20/10/2022

Warehouse war erupts in duty-free paradise Hainan

As the only remaining shopping haven in a mostly closed China, the tax-free island of Hainan has become the world's busiest sales point for luxury giants, even in the midst of the country's recent new wave of Covid-19.

SWITZERLAND 13/10/2022

Former Rolex chairman focuses on his role as Chanel director

Chanel Ltd, the new British parent company of the brand founded by Coco Chanel, has two quiet but formidable figures from the Swiss luxury world on its board.

FRANCE 13/10/2022

Faux war rages on leather and fur front among LVMH, Kering, Chanel and Hermès Free

To make good on their countless environmental commitments, luxury giants are furiously seeking out substitute leathers and furs for their bags and coats. Their quest has turned into a pitched battle centred on a handful of subcontractors and specialised start-ups.

MIDDLE EAST 06/10/2022

[Due Diligence] Al Futtaim succession leaves luxury groups in a quandary

Nearly a year after the death of Majid Al Futtaim, the Middle East's leading shopping mall magnate, the European and American luxury groups that rely on his malls to sell their products in the region are anxiously awaiting the outcome of his succession, which is shrouded in mystery.

Spotlight

RUSSIA 06/10/2022

Luxury sector eludes effort to seal Ukraine sanctions loopholes Free

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.

FRANCE 29/09/2022

Richemont and LVMH battle it out for the name 'Vendôme'

Cartier and Van Cleef, two Richemont group brands, have challenged and partially annulled the agreement concluded in 2021 between Louis Vuitton and the town of Vendôme. The agreement allows the LVMH-owned trunk-maker to use the name of the town, which is the namesake of the Parisian luxury goods epicentre.

On our other sites

Artist's view of the Mirror Line, a 120km horizontal skyscraper planned for the Neom project, Saudi Arabia. © Balkis Press/Abacapress.com

Intelligence Online 16/11/2022

Saudi Arabia's Neom megaproject draws greater interest in Berlin than Paris

Two business events to promote Saudi Arabia's Neom smart city megaproject in Berlin and Paris this month attracted contrasting levels of interest from German and French companies.

Set up email notifications for these topics

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!

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

LVMH, Kering, Richemont and Rolex face off in Riyadh, luxury's new El Dorado

This article is free

Create an account to read more

create a free account

Set up email notifications for these topics

Sephora's Clean leaves rivals green with envy - and plenty of questions

LVMH faces dilemma over precious Tiffany & Co franchises

Richemont basks in Bond Street properties while British brands brood

Kering's €800m invasion of Paris's Vendôme district

Arnault family and US's Catterton make bid for A.P.C.

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

Brands elbow for exposure in Netflix's Emily in Paris Free

Pivotal Rolex organisation director calls time on her career

How LVMH poured €111m into Stella McCartney Free

Sheikha Moza vs Princess Sara: Luxury battle royal between Doha and Riyadh

Beijing prepares new generation of duty-free shops Free

Richemont's hush-hush real estate acquisitions in global luxury capitals

New European allergen rules trip up cosmetic industry giants Free

Dior races to become first fashion house at Ramses II's feet

In New York, French diplomats and luxury brands go arm in arm Free

LVMH cutting ties between Loro Piana and traditional tailors

Former Rolex chairman acting as trustee for Firmenich fragrance dynasty

The reasoning behind Cartier's discreet refit of its diamond procurement unit

Chopard's Scheufele family ploughs €19m into Hôtel de Vendôme

Louis Vuitton's uncomfortable sponsorship of World Cup football in Qatar Free

Chalhoub Group parks holdings in offshore niches Jebel Ali and Tortola

Warehouse war erupts in duty-free paradise Hainan

Former Rolex chairman focuses on his role as Chanel director

Faux war rages on leather and fur front among LVMH, Kering, Chanel and Hermès Free

[Due Diligence] Al Futtaim succession leaves luxury groups in a quandary

Luxury sector eludes effort to seal Ukraine sanctions loopholes Free

Richemont and LVMH battle it out for the name 'Vendôme'

Saudi Arabia's Neom megaproject draws greater interest in Berlin than Paris

Set up email notifications for these topics

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes: