Inside the secret WhatsApp groups of Paris luxury boutiques
Faced with increasingly well-organised thieves, shops on the Avenue Montaigne and the Rue du Faubourg Saint-Honoré are resorting to informal means to stop shoplifters.
The landlord of Balenciaga's flagship store on the Rue Saint-Honoré filed a complaint accusing the Kering brand of using a conspicuously complex arrangement to occupy its premises. The case could see the luxury house evicted.
L Catterton, LVMH's investment fund, last week took a stake in the Polène leather goods brand. The move is part of a strategy of diversifying into non-luxury fashion that could continue with further acquisitions.
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