Two years after its much-touted reopening, the veritable institution that LVMH spent €750m renovating in the heart of the French capital is struggling to pull in customers.
The Egyptian tycoon and proprietor of the Ritz, who died last week at 94, leaves behind a substantial real estate portfolio that includes two sumptuous French properties, in the Alps and on the Côte d'Azur.
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A fraught legal battle playing out in the United States between two siblings from the fourth generation of the Bulgari jewellery dynasty is having knock-on effects for a discreet Swiss firm that manages the family's fortune.
He may have officially retired last year, but the eponymous co-founder of high-end watch brand Richard Mille is nevertheless still involved in the many companies he set up.
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Coming from Louis Vuitton's parent company, the statement was a surprise, to say the least.
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When British fund TowerBrook became a shareholder in luxury communications group The Independents, several senior advisers associated with the fund were also issued shares.
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It is a legal dispute ongoing since November 2018. The US second-hand luxury site The RealReal is still struggling to settle the lawsuits Chanel brought against it.
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