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Fendi calls time on watchmaking division

Fendi has decided to wind up the Swiss subsidiary that makes its watches. Ten years after buying up its former subcontractor with high hopes, the brand is now admitting defeat.

Subscribers only Italy, Switzerland 16.01.2025

The ill-fated Chinese venture that precipitated Courbet's receivership

An unsuccessful attempt to break into the Chinese market dealt a severe financial blow to Courbet, a Paris-based firm that specialises in laboratory diamonds. The brand, which has the backing of Chanel, has filed for receivership and has begun restructuring.

Subscribers only China, France 16.01.2025

Chanel fined for late payments to suppliers

The iconic fashion house has been fined €1m by the French finance ministry over a series of late payments to its suppliers.

Subscribers only France 16.01.2025

LVMH puts its money on Loro Piana

Officially, it is the 100th anniversary of the Italian cashmere and fine woollen clothing brand, part of the LVMH group since 2013, which explains its extensive presence in the French and British press.

Free access France, Italy 16.01.2025

In Focus
Exotic skins sector disrupted by Hermès's surplus stock

Hermès's precious skins division is facing a major problem: its stocks of lower quality skins have skyrocketed. — Hermès's precious skins division is facing a major problem: its stocks of lower quality skins have skyrocketed.© Studio Pachamama

Subscribers only France 09.01.2025

L'Oréal and French cosmetics industry fight to fend off costly European directive

Revisions to the EU directive on wastewater treatment could cost the French cosmetics industry €1bn a year. French players, led by L'Oréal, are taking a stand against the legislation which they say fails to address the most polluting sectors, and have been discreetly appealing to French authorities.

Free access Europe 09.01.2025

Spotlight
The prospective bidders with Versace and Jimmy Choo on their Christmas wishlists

Capri Holdings' scuppered merger with Tapestry has prompted it to throw two iconic brands overboard as it urgently needs cash to get its sinking Michael Kors back on an even keel. Versace and Jimmy Choo's potential suitors should make themselves known before Christmas.

Donatella Versace and Jimmy Choo.

Subscribers only Houses 19.12.2024

LVMH strikes deal with traditionalist Catholic neighbours SSPX to renovate premises

LVMH has had to make a deal with its neighbours, the Society of Saint Pius X, to carry out construction work on the building it rents on Paris's Rue Jean Goujon. The luxury group has even had to make payments to the canonically irregular traditionalist society of Catholic priests.

Free access Houses 19.12.2024

Fendi's luxury Milan hotel plan up in the air

LVMH-owned Fendi has long considered opening a swish hotel in the heart of Milan's luxury district, just as Louis Vuitton has done on the Champs Elysées. But the Italian fashion house's new management seems to have acquired cold feet.

Subscribers only Houses 19.12.2024

French taxman brings Roger Vivier to heel over Tod's odd accounting

Once owned by the Della Valle family, who then sold it to their company Tod's, high-end shoe brand Roger Vivier has just lost its fight with French tax authorities over ambiguous dealings with shareholders.

Subscribers only Houses 19.12.2024

Van Cleef & Arpels opts to ride counterfeit wave rather than fight it

The French jeweller Van Cleef & Arpels appears not particularly bothered by the flurry of counterfeits of its hugely popular Alhambra range, and continues to charge a high price for the authentication of its items.

Subscribers only Houses 19.12.2024

Zadig & Voltaire loses legal battle to protect Tink blouse

After three years of legal proceedings, the Zadig & Voltaire brand has failed to convince courts of the uniqueness of one of its most famous designs, the Tink blouse.

Subscribers only Houses 19.12.2024

Moët Hennessy has a Jay-Z problem

As a high-profile scandal gathers steam, the LVMH branch soon to be run by Jean-Jacques Guiony and Alexandre Arnault doesn't know what to do with its Jay-Z and Beyoncé liquor brands. Discussions are all the more heated given that Moët Hennessy's future CEO has been opposed to those brands from the outset, even though they have the support of his future number two.

Subscribers only Houses 16.12.2024

Fendi family to celebrate brand centenary without an artistic director

Kim Jones' successor will not be appointed until after the Fendi centenary celebrations next year, for which only Silvia and Delfina Fendi will be designing clothes and jewellery.

Subscribers only Families 12.12.2024

Tod's bosses' bonuses disclosed during French trial

A former MD of footwear designer Roger Vivier, owned by the Della Valle brothers, recently turned to a Paris court to pursue unpaid bonuses. During the case, those financial perks given by the Italian group to its most senior executives were also revealed.

Subscribers only Houses 12.12.2024

Loewe to move temporarily to Art Deco building on Paris's Rue Saint-Honoré

Before being able to move into its new boutique on Paris's Rue Saint-Honoré, which is taking longer than expected to complete, Loewe will be temporarily occupying another premises nearby.

Subscribers only Houses 12.12.2024

Chanel's fight to protect the names of its beauty range

After winning a years-long battle with shoe brand Jonak for copying its designs, Chanel is now looking to protect its products in the beauty sector.

Subscribers only Houses 12.12.2024

Spotlight
Rolex's reluctance to certify its watches worries auction houses and buyers

With Rolex and other leading Swiss watchmakers unwilling to confirm the authenticity of their vintage models, major auction houses like Christie's and Sotheby's are increasingly concerned. They fear ending up in the firing line if they fail to spot a fake.

Rolex is very cautious when it comes to certifying the authenticity of its vintage models.

Subscribers only Houses 05.12.2024

Revealed: the numbers behind LVMH's purchase of leading French jewellery maker

All parties involved in the luxury giant's investment in Platinum Invest have kept a tight lid on the transaction's figures. Glitz.paris now spills the beans on a deal designed primarily to support Tiffany & Co's growth.

Subscribers only Houses 05.12.2024

Discontinuation of See by Chloé line causes Richemont's results to plummet

Swiss luxury giant Richemont's fashion house has worsened its financial situation by refocusing on the top end of the market.

Subscribers only Houses 05.12.2024

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