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Fraud investigation services are closely monitoring sales of counterfeit luxury goods on Instagram.

Spotlight | Europe, United States
Anti-fraud services and tax authorities target Instagram 'live' luxury sales

The rising numbers of Instagram accounts selling luxury bags, jewellery and clothing items are getting a close look from anti-fraud services on both sides of the Atlantic, as well as from tax authorities. In providing a distribution channel with little regulation, the app is being used by counterfeiting networks and money launderers alike.

Free access Entourage

Families

United States
Bond issue obliges Estée Lauder heirs to reveal how they control company

In order to finance the Estée Lauder group's restructuring, members of the founding family had to provide potential investors with details of the structures through which they control the group.

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Houses

France, UAE
The Conran Shop shuns Europe in favour of Middle East

The December closure of the Paris branch of the high-end furniture and design store came as a surprise to its devotees. The brand is now completely focused on developing in the Middle East.

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France
Paris 2024: How does LVMH select its sports ambassadors?

Luxury giant LVMH, a premium sponsor of the Paris Olympic and Paralympic Games, is set to announce the names of the athletes its brands have signed to exclusive contracts.

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France
Zadig & Voltaire parent in the red

The affordable luxury brand Zadig & Voltaire is sailing in turbulent waters, with its parent holding company having just posted losses of €6m.

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United Kingdom
Is Hugo Boss leaving London's Bond Street ?

Hugo Boss may have pulled out all the stops at London Fashion Week, but behind the scenes, the German group may soon vacate its BOSS boutique on London luxury thoroughfare New Bond Street.

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Entourage

France
Luxury wars risk rekindling in Saint-Tropez

After a brief winter respite, the conflict pitting small local businesses in the port of Saint-Tropez against their eager-to-sell landlords threatens to flare up again this summer. The entire luxury sector is on tenterhooks, hoping to set up shop in the chic French town's harbour.

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Front Row | Germany, Italy
Karla Otto CEO Alexander Werz leverages his network to launch beauty start-up

The head of PR agency Karla Otto has been busy growing his own beauty brand, AWvi, launched in November. The pedigree of the investors involved demonstrates Werz's impressive list of contacts.

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Saudi Arabia
Luxury flocks to AlUla

Saudi Arabia is making good on its ambition of turning the ancient Nabataean oasis of AlUla into a top travel destination and cultural hotspot. Several art galleries and high-end tourism operators have signed partnerships to that end in the kingdom.

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Portugal, South Korea
Farfetch founder José Neves is half in, half out

The Portuguese entrepreneur who founded the fashion retail site Farfetch in 2009 was ousted from his role as CEO last week. But he still has links with the company.

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ARCHIVES