Houses

Qatari royal family keeps Balmain afloat

With sales in freefall and losses mounting, Balmain is only surviving thanks to massive cash injections from its shareholder Mayhoola, which is owned by Qatar's ruling family and is desperately seeking to unburden the brand.

Subscribers only Qatar 04.09.2025

Dubai turns to Ritz architects for Paris hotel revamp

Dubai Holding is gearing up for major works at the Westin, the Paris hotel on Rue de Castiglione that the sovereign fund acquired two years ago. To compete with its prestigious neighbours, it has entrusted the overhaul to the architects who renovated the Ritz Paris.

Subscribers only France, UAE 04.09.2025

Spotlight
Luxury operators in running to buy De Beers

The luxury sector and state actors are queuing up to take over the diamond giant.© Studio Pachamama

Subscribers only Qatar, Russia 02.09.2025

Kering reckons with cost of purchase option for Valentino

When it acquired a 30% stake in Valentino in November 2023, the luxury goods company took out an option to buy up the remaining 70% from its Qatari owner Mayhoola over the next two years. But as Kering contends with a decline in its own financial performance and rising debts, its shareholders are increasingly concerned about the potential cost of this arrangement. Mayhoola for its part has put precise figures on the company's commitment.

Subscribers only France, Italy Running Story - The Al Thanis & luxury 02.09.2025

Tax authorities dig into Goyard

Maison Goyard's spectactular results have not only drawn the envy of rivals but also the attention of the French taxman.

Subscribers only France 02.09.2025

Simon Porte Jacquemus plays curator

Simon Porte Jacquemus's interest in Aristide Maillol will be taken to another level in mid-October when he co-curates an exhibition on the French artist entitled 'Maillol and Antiquity' at Paris's Collège des Bernardins.

Subscribers only France Running Story - Jacquemus, season 2 02.09.2025

Kering to give Luca de Meo €20m 'golden hello'

Kering's general meeting on 9 September will be asked to approve a princely salary for its future CEO.

Subscribers only Houses 31.07.2025

Front Row
Cartier struggles to find successor to style and heritage director Pierre Rainero

Finding a replacement for Rainero, a leading light of Richemont who has been in his current post since 2003 and employed by company ever since 1984, is proving to be a tricky proposition.

Subscribers only Houses 31.07.2025

Pierre Rainero, guardian of the Cartier style, will soon be retiring from the jeweller’s after over 40 years of service.

Pinault family tops up coffers of struggling Courrèges

Despite the success of Nicolas Di Felice's collections, the iconic Paris fashion house had run up heavy debts, most of which the Pinaults, who own 100% of its shares, recently wiped clean.

Subscribers only Houses 31.07.2025

Hôtel Costes secures court order targeting Gucci megastore

The 5-star Paris hotel had taken the fashion house to court over the disruption being caused by the works on the Gucci store near Place Vendôme.

Subscribers only Houses 31.07.2025

Brioni's ever-shrinking French footprint

Brioni's financial woes have resulted in the continuous contraction of the tailor's retail space in France. They have also caused considerable uncertainty at management level, with former CEO Mehdi Benabadji paying the price.