The fashion legend's former apartment on Paris's Quai Voltaire will go under the hammer on 26 March in the hope of speeding up the resolution of his estate. Five years after the designer's death, tax and inheritance issues have left his heirs waiting empty-handed.
The Lauren family holding company sold some of its shares in Ralph Lauren earlier this month, when the share price was at its highest in nearly a decade.
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While its creations are celebrated at every Fashion Week, the house founded by Elsa Schiaparelli and controlled by the Della Valle family is burdened by a heavy deficit that its ready-to-wear range is unable to resolve.
The Miroglio group, whose bid to take over Trussardi has been approved by the Court of Milan, is already experiencing financial difficulties in its fashion division and is only profitable thanks to the services it provides to other fashion brands.
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The luxury department store chain is sliding ever further into debt to the Qatari royal family, and has also taken out a series of commercial loans.
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French software and machine manufacturer Lectra, best known for its leather cutting equipment, is now vital to many luxury goods companies. A court case has revealed the names of some of its clients.
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The LVMH-backed start-up is moving into the North American market in anticipation of tougher US legislation on supply chain transparency.
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With the French government poised to introduce new regulation on fast fashion, Chinese giant Shein has Huawei's former head of public affairs, Fabrice Layer, fighting its cause. Shein may be the luxury sector's sworn enemy, but high-end brands have much to gain from its lobbying efforts.
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A dispute between Ateliers Jean Nouvel and one of its lawyers provides a clue to the sums the architecture firm may have received to cede its intellectual property rights on the new Fondation Cartier in Paris.
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