A year after the French luxury giant was forced to abandon plans for a Cheval Blanc hotel in Beverly Hills, LVMH has launched a new project, behind the facade of a holding company, to renovate the historic Luxe Rodeo Drive Hotel's former premises.
LVMH image chief Antoine Arnault, eldest son of the group's CEO, has acquired real estate and business interests in Ermenonville, a village north-east of Paris where the 18th-century philosopher spent his final days.
Subscribers only
French courts will decide this summer whether to annul a will naming Rodrigo Basilicati-Cardin as Pierre Cardin's sole heir. Meanwhile, the other 22 relatives laying claim to the designer's estate are trying to reach an agreement on how to settle their multi-million-euro inheritance tax bill.
Subscribers only
The central Paris department store and the Cheval Blanc hotel it houses will find themselves in a top security zone during this summer's Olympics. LVMH, which owns both establishments, hopes to use its status as a Games sponsor to get an exemption so they can remain open.
Subscribers only
Already a shareholder in Puig, where he has been a director since 2020, Patrick Chalhoub intends to capitalise on the Spanish luxury giant's IPO this Friday to increase his stake.
Subscribers only
Every year during the Cannes Film Festival, luxury brands rent out the Marriott's rooftop terrace, as it becomes an ephemeral restaurant-bar and festival hot spot. During the rest of the year, the venue's manager, Albane Cleret, stages dinners for the luxury sector.
Subscribers only
The awarding of the management of France's "living heritage" label to the Swiss giant SGS, revealed by Glitz.paris, has upset firms that benefit from the certification and its tax perks. But the people making the most noise had themselves been candidates to manage the designation.
Subscribers only
Like many of its competitors in the luxury online consignment sector, the California-based market leader has been struggling since 2020. To help make ends meet, The RealReal has put part of its Los Angeles offices up for sale.
Georges, located on the 6th floor of Paris's Centre Pompidou, is poised to shut its doors in 2025. But the restaurant will continue to pay off its debts to the museum after it closes.
Subscribers only