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LVMH, L'Oréal and Exor among long list of buyers rejected by late Giorgio Armani

The death last week of the famous Italian fashion designer has raised the question of his succession. His empire, which has been the subject of much speculation, has remained independent until now, despite a series of confidential negotiations with LVMH and L'Oréal, as Glitz reveals here.

Subscribers only Italy Running Story - Armani after Giorgio 09.09.2025

Ralph Lauren shifts strategic focus to ultra-wealthy

The end of outlets, price increases, investment in premium brands - the US fashion house has responded to the global consumer crisis by focusing primarily on the most affluent customers. Other luxury brands have also gone down this road, but for Ralph Lauren it marks a break with the strategies of the past.

Subscribers only United States 09.09.2025

Short sellers rein in their assault on Kering

The rise in the luxury group's share price since July has forced speculators who were betting massively on the price plummeting to stop shorting the stock.

Subscribers only France 09.09.2025

Globe-Trotter and Smythson owner Oakley set to recruit ex-Delsey boss

Peter Dubens and David Till's private equity firm Oakley, an investor in top-end luxury brands such as British trunkmaker Globe-Trotter, leather goods company Frank Smythson and Italian tableware manufacturer Alessi, is gearing up to recruit ex-Delsey boss Davide Traxler

Subscribers only United Kingdom 04.09.2025

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

Dior targeted by three class actions

Christian Dior (LVMH) is facing at least three class action lawsuits in the United States over a data breach that occurred in January 2025.

Subscribers only Houses 04.09.2025

Spotlight
Luxury operators in running to buy De Beers

Despite the crisis in the diamond market, Anglo American's decision to put its diamond subsidiary up for sale has generated interest not only among luxury sector players but also state actors, in particular Qatar. Russia is also waiting quietly in the wings.

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

Subscribers only Houses 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.

Subscribers only Houses 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 Houses 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 Houses 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.

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

Subscribers only Houses 31.07.2025

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

Chanel, discreet patron of Palais Galliera's new director

The fashion historian Émilie Hammen, newly appointed to head the City of Paris's fashion museum, has been working with Chanel for several years. The double C fashion house has been a major patron of the Palais Galliera since 2019.

Subscribers only Houses 24.07.2025

Court case reveals bundles of banknotes and fake bags in Christofle back room

A court case in France has revealed that the factory outlet store of the silverware manufacturer, which is owned by the distributor Chalhoub, was the scene of some rather unusual transactions.

Subscribers only Houses 24.07.2025

Shein and Michael Kors accused of commercial harassment

The two brands are facing lawsuits for commercial practices more akin to the mail order sector than the luxury industry.

Free access Houses 24.07.2025

Dior's PR messaging contradicted by its own archives

Playing up the historical dimension of Jonathan Anderson's appointment as head of its men's and women's fashion collections, Dior has highlighted the fact that the Northern Irish designer and Christian Dior are the only two creative directors in the brand's history to have been entrusted with both clothing lines.

Subscribers only Houses 24.07.2025

Trunkmaker Pinel & Pinel seeks cash injection amid spiralling losses

It has been discreetly sounding out investment firms and family offices in the hope of raising funds.

Subscribers only Houses 24.07.2025

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Houses

LVMH, L'Oréal and Exor among long list of buyers rejected by late Giorgio Armani

Ralph Lauren shifts strategic focus to ultra-wealthy

Short sellers rein in their assault on Kering

Globe-Trotter and Smythson owner Oakley set to recruit ex-Delsey boss

Qatari royal family keeps Balmain afloat

Dubai turns to Ritz architects for Paris hotel revamp

Dior targeted by three class actions

Spotlight
Luxury operators in running to buy De Beers

Kering reckons with cost of purchase option for Valentino

Tax authorities dig into Goyard

Simon Porte Jacquemus plays curator

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

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

Pinault family tops up coffers of struggling Courrèges

Hôtel Costes secures court order targeting Gucci megastore

Chanel, discreet patron of Palais Galliera's new director

Court case reveals bundles of banknotes and fake bags in Christofle back room

Shein and Michael Kors accused of commercial harassment

Dior's PR messaging contradicted by its own archives

Trunkmaker Pinel & Pinel seeks cash injection amid spiralling losses

About Glitz

Subscription

Glitz on social media

Indigo Publications' websites

About Glitz

Subscription

Indigo Publications' websites

Louis Vuitton

Dior

François Pinault

Brigitte Bardot

De Beers

Houses

LVMH, L'Oréal and Exor among long list of buyers rejected by late Giorgio Armani

Ralph Lauren shifts strategic focus to ultra-wealthy

Short sellers rein in their assault on Kering

Globe-Trotter and Smythson owner Oakley set to recruit ex-Delsey boss

Qatari royal family keeps Balmain afloat

Dubai turns to Ritz architects for Paris hotel revamp

Dior targeted by three class actions

Spotlight Luxury operators in running to buy De Beers

Kering reckons with cost of purchase option for Valentino

Tax authorities dig into Goyard

Simon Porte Jacquemus plays curator

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

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

Pinault family tops up coffers of struggling Courrèges

Hôtel Costes secures court order targeting Gucci megastore

Chanel, discreet patron of Palais Galliera's new director

Court case reveals bundles of banknotes and fake bags in Christofle back room

Shein and Michael Kors accused of commercial harassment

Dior's PR messaging contradicted by its own archives

Trunkmaker Pinel & Pinel seeks cash injection amid spiralling losses

About Glitz

Subscription

Glitz on social media

Indigo Publications' websites

Spotlight
Luxury operators in running to buy De Beers

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