French luxury leather goods manufacturer Hermès set up its atelier in Pantin, a suburban town just outside of Paris, in 1992. In just over 30 years, it has considerably expanded its presence, transforming the small municipality into 'Hermès City'.
Barrière has long been the only luxury hotel group to own the premises of the palatial establishments it operates. But new CEO Alexandre Barrière is slowly changing course, away from the real estate strategy his father maintained for more than 20 years.
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Belgian leather goods brand Delvaux is suing Longchamp for plagiarism in the United Kingdom. The Richemont subsidiary claims to have sole reproduction rights to René Magritte's artwork and is accusing its French competitor of using his iconic pipes and clouds in an accessories range.
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As part of a lengthy investigation into how Rolex monitors its French retailers and forbids them from selling online, France's competition watchdog has revealed details about the watchmaker's use of fake clients to ensure its price recommendations are respected.
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LVMH and Kering are each trying to rally luxury players to subscribe to their corporate responsibility and sustainability schemes. Chanel, which signed up to Kering's Watch & Jewellery Initiative 2030, has since switched allegiances to LVMH in the hope of influencing the auditing schedule for its supply chains.
In early December, LVMH did its best to impress the commission in charge of commercial development in Paris, but its efforts almost backfired. The luxury giant was trying to secure planning permission for its latest acquisition, an 18,000 m2 site on Paris's most famous street.
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SMCP has made no announcement, but Glitz.paris has learned that De Fursac has been leaderless for months.
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Paris art dealer Emmanuel Perrotin represents a slew of artists, all frequent collaborators with luxury brands. He has just closed a deal allowing the Colony IM investment fund to acquire a stake in his gallery.
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The Independents founders Olivier and Isabelle Chouvet have conducted a major acquisitions drive over the past two years. Advising them behind the scenes is a low-profile banker who has assisted the couple for years.
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