Fendi France boss Alessandra Basso swaps Paris for Asia-Pacific
The boss of the LVMH brand in France since 2022 is expected to take over the Asia-Pacific region, which is a strategic area for the company, Glitz has learned.
British group Value Retail, which operates 12 luxury outlet villages around the world, keeps increasing sales at a time when high-end brands are struggling. As a result, several fashion and watch houses are wasting no time in joining these shopping destinations.
The jeweller APM Monaco, whose shareholders include the American fund TPG and Chinese state-run investment bank CICC, has been fined $3.9m by French customs for under-declaring the value of jewellery imported into Europe from its Chinese factories.
The heavy fines meted out by the French Treasury to jeweller Arije have placed Rolex in a tight spot. Since 2017, the Parisian jeweller has been managing one of the Geneva-based watchmaker's single-brand boutiques in the French capital.
The Court of Justice of the European Union has not been kind to Swiss watchmaker Tudor.