Tapestry's summer acquisition of Capri, the Versace and Jimmy Choo parent, followed talks with Exor, the Agnelli family's fund, and luxury giant Kering. Glitz.paris has pieced together the episodes, which had remained undisclosed, until now.
Joy Desseigne-Barrière remained on the sidelines amid the power struggle between her brother Alexandre Barrière and their father Dominique Desseigne. This summer, she took up an executive position in the family office that fully controls the Barrière group.
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When it opened a year ago, the Jacquemus boutique on the French capital's Avenue Montaigne was heralded as a pop-up store. A year later, the shop has become a permanent fixture, with premises rented from a low-profile property magnate who is no stranger to the luxury sector.
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With LVMH this summer inking its much-publicised sponsorship deal with the Paris 2024 Olympic Games, the 75 brands in the group's portfolio are poised in the starting blocks, each hoping for some global publicity.
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A key figure in Rolex's R&D department quietly left the company this summer.
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LVMH watchmaker TAG Heuer - the brand that Frédéric Arnault, LVMH CEO Bernard Arnault's second-youngest son, has headed since 2020 - is about to embark on a dramatic sales push in the United States. Its aim is to have 50 of its own shops.
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A provision in a European Union directive set to be adopted next year could force luxury groups to reveal their figures for unsold goods and prevent them from being destroyed or recycled. The sector is gearing up for a fight.
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American company FindMine, which specialises in applying AI to online commerce and is already a service provider for Anine Bing and Adidas, is negotiating with several LVMH brands.
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