Four years after investment fund Peninsula Capital acquired a stake, the French affordable luxury brand is suffering poor, yet-to-be-released results and has been forced to radically overhaul its management.
Swiss-American Mansson, a former director at the WWF, has become the manager of choice for luxury families looking for someone to run their ecological foundations.
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To make up for its ongoing financial losses, the fashion house founded by Pierre Balmain and controlled by Mayhoola, one of the Qatari royal family's funds, is venturing into new territories.
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Bought by Richemont for €170m, 15 Rue du Faubourg Saint-Honoré will become the Alaïa brand's flagship shop. Glitz.paris takes a closer look at one of the major projects in the French capital's luxury district.
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The recent spate of speciality artisan workshop acquisitions by major luxury brands is driven by very real commercial calculations.
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Jenna Hendricks, senior vice president of Capri Holdings, which owns Versace, Jimmy Choo and other luxury brands, has received a generous bonus for remaining with the company after its merger with Tapestry.
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Kering's purchase of a 10,700m² space on NYC's main luxury thoroughfare marks the start of a period of relocation for the group's brands along one of the Big Apple's most exclusive streets.
British group Dyson has just won a case in France that will force L'Oréal to disclose data on tests carried out on its Steampod 3.0 hair straighteners. The French group had claimed that its products were superior to others in an ad campaign.
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The Commission du Vieux Paris, an urban planning advisory committee, has unanimously rejected the development project that Bernard Arnault's LVMH has devised for 150 Avenue des Champs-Élysées.
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Heir to the Silversea Cruises dynasty, Manfredi Lefebvre d'Ovidio has been quietly developing a holding of tourism companies aimed at billionaire clients, with support from Saudi Arabia. But a family dispute and a conflict with a former business associate mean there could be troubled waters ahead.
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