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Jean Arnault, the head of LVMH's watch division, wants to go niche (and expensive).
Jean Arnault, the head of LVMH's watch division, wants to go niche (and expensive).© Photomontage Glitz – Sources : Ludovic Marin (AFP)

Spotlight | LVMH
Jean Arnault's gambles on taking LVMH watch brands upmarket

Appointed in the spring to run LVMH's watch division (except for Tag Heuer), Bernard Arnault's youngest son has hatched a strategy to target the ultra-luxury end of the market. The guinea pig looks like being Zenith, the smallest of the watch brands.
LogoSubscribers only France 06.10.2026
Kering boss Luca de Meo plans to drastically downsize the network of Alexander McQueen stores.
Kering boss Luca de Meo plans to drastically downsize the network of Alexander McQueen stores.© Photomontage Glitz – Sources : RLI, Thomas Samson (AFP)

Kering
Alexander McQueen temporarily deserts the world's fashion capitals

Despite an expensive extension in 2023, McQueen's biggest flagship of all, located in Paris's Rue Saint-Honoré, closed down this summer with barely a murmur. In Milan, London and New York, it's the same story as the ailing Kering label beats a retreat on every front.
LogoSubscribers only France, United Kingdom 06.10.2026
The fallout from the Molly Tea dispute has cost Louis Vuitton dear in China.
The fallout from the Molly Tea dispute has cost Louis Vuitton dear in China. © Photomontage Glitz – Sources : Molly Tea

Louis Vuitton
Legal tussle with Molly Tea forces early shop closures in China

LVMH's flagship brand won its case against Molly Tea, which it had accused of copying its floral logo, but its lawsuit against the Chinese brand sparked a backlash. Chinese consumers are boycotting Louis Vuitton such an extent that the French brand has had to close shops in China ahead of schedule.
LogoSubscribers only China 06.10.2026
Nearly 70% of Estée Lauder's growth is now in China, where it nearly came to grief three years ago.
Nearly 70% of Estée Lauder's growth is now in China, where it nearly came to grief three years ago.© Photomontage Glitz – Sources : Estée Lauder

Estée Lauder
Sued for inflating its figures in China, Estée Lauder survives… thanks to China

Three years after being dragged down by China, Estée Lauder is bouncing back thanks to its sales there. Its annual report shows the US luxury beauty giant has placed its fate in the hands of the very market that nearly brought it down, even as legal proceedings are still ongoing.
LogoSubscribers only China, United States 06.10.2026

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