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

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Spotlight

SWITZERLAND

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

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

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. [...] (616 words)

Published on 22/12/2022 at 05:30 GMT Reading time 3 minutes

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Houses

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15 FSH
Cartier
Delmas
Fosun
Hermès
Jeanne Lanvin
Kering
Lanvin Group
Mulberry
Oxford Property
Pinault
Primavera Capital Acquisition Corp
Richemont
Richemont Luxury Group
RLG Property
RLG Real Estate

The secret negotiations paving the way for Richemont's rise in Saudi Arabia

Just as major luxury brands are jostling for a foothold in the coveted Saudi market, Swiss giant Richemont has signed a major agreement in the country. The contract opens the door to the local market, as well as offering an opportunity to tap into the stream of wealthy visitors making Hajj pilgrimages to the kingdom.

FRANCE 06/04/2023

Neighbourhood cafés around Paris's Place Vendôme hit luxury jackpot

Major luxury groups are scrambling to get their hands on the last pockets of space available around the French capital's Place Vendôme, and small neighbourhood cafés are making a pretty packet by selling their leases to the highest bidder.

UNITED STATES 09/03/2023

Gabriela Hearst's delicate balancing act between Chloé and her namesake brand

As artistic director at Chloé, Gabriela Hearst is Richemont's poster child for sustainability. She keeps much quieter, however, about the shareholders and the financing of the namesake brand she runs in parallel.

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 16/02/2023

Developer Ely-Michel Ruimy turns tidy profit in sale of Paris properties to Kering

The property developer, who also owns the licence for Joël Robuchon's restaurants internationally, has just sold four buildings in the French capital's Vendôme district to Kering for four times their purchase price.

SWITZERLAND 19/01/2023

Is Hermès heir Nicolas Puech still in charge of his own foundation?

Hermès heir Nicolas Puech's foundation, recently renamed Isocrates Foundation and endowed with a capital of 10 million Swiss francs, has adopted new statutes that considerably restrict its founder's role.

The Hermès and Lanvin boutiques at 24 and 22 Rue du Faubourg Saint-Honoré, in Paris. © Studio Pachamama

Spotlight

FRANCE 05/01/2023

Lanvin's secret deal with the families that control Hermès

After Lanvin Group's listing on the New York Stock Exchange (NYSE) in December, its new shareholders are poring over the company's affairs, including a confidential agreement reached last year between the fashion house and the three families that control Hermès.

CHINA 22/12/2022

Hotel de Crillon, Carlyle owners among Lanvin minority shareholders

Lanvin debuted on the New York Stock Exchange last week after merging with a SPAC that counts the Cheng family - who control the Rosewood luxury hotel group - among its shareholders.

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.

In July, Russian President Vladimir Putin was seen wearing an Imperial Peterhof Factory watch, the high-end brand of Raketa. © Studio Pachamama

Spotlight

RUSSIA 17/11/2022

Putin's heavy-handed support pushes Russian watchmaker Raketa to seek business in the Gulf

Having unintentionally become the emblem of self-sufficiency for Russian luxury goods, the Franco-British-owned Russian watchmaker Raketa is investing heavily in the Middle East to compensate for losses in its European markets.

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.

Spotlight

SAUDI ARABIA 27/10/2022

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

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.

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15 FSH
Cartier
Delmas
Fosun
Hermès
Jeanne Lanvin
Kering
Lanvin Group
Mulberry
Oxford Property
Pinault
Primavera Capital Acquisition Corp
Richemont
Richemont Luxury Group
RLG Property
RLG Real Estate

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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

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

This article may be accessed by subscribers and e-wallet holders (USD 19.50)

2 options offered to continue reading

Create your free account

create a free account

SPECIAL OFFER

Set up email notifications for these topics

The secret negotiations paving the way for Richemont's rise in Saudi Arabia

Neighbourhood cafés around Paris's Place Vendôme hit luxury jackpot

Gabriela Hearst's delicate balancing act between Chloé and her namesake brand

Richemont basks in Bond Street properties while British brands brood

Developer Ely-Michel Ruimy turns tidy profit in sale of Paris properties to Kering

Is Hermès heir Nicolas Puech still in charge of his own foundation?

Lanvin's secret deal with the families that control Hermès

Hotel de Crillon, Carlyle owners among Lanvin minority shareholders

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

Putin's heavy-handed support pushes Russian watchmaker Raketa to seek business in the Gulf

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

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

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