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Glitz.paris

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This week, Glitz.paris reveals the movements of the 6 million shares held by Hermès heir Nicolas Puech that mysteriously disappeared into a financial labyrinth.
This week, Glitz.paris reveals the movements of the 6 million shares held by Hermès heir Nicolas Puech that mysteriously disappeared into a financial labyrinth. © Studio Pachamama

Spotlight | France, Switzerland
The secret story of the 6 million Hermès shares that vanished into thin air

Glitz.paris has reconstructed the movements of the 6 million shares held by Hermès heir Nicolas Puech that mysteriously disappeared into a labyrinth of offshore accounts and Panama shell companies. The shares passed through the hands of Swiss asset managers, then LVMH finance directors, and are now beyond the reach of their owner, who is calling it the "heist of the century". Part 1 of 2.
LogoSubscribers only Families Running story - Hermès heirs at odds
In brief
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Kering is still planning to set up a Gucci megastore in Paris's Place Vendôme district.
Kering is still planning to set up a Gucci megastore in Paris's Place Vendôme district. © Studio Pachamama

Spotlight | France
Kering looks to cut Gucci losses with sale of Vendôme quarter flagship building

Two years after acquiring four buildings for nearly €800m in Paris's Place Vendôme district, Kering still plans to open a giant Gucci store there. But the François-Henri Pinault-led luxury group wants to sell the properties to cut costs and keep only a minority stake.
LogoSubscribers only 14.11.2024
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