Qatar is intent on recouping some of the funds its nationals spend in the boutiques of Paris, London and Geneva. With some of the world's most avid luxury consumers, the emirate is growing its own investment in the sector, sharpening its efforts before football's World Cup kicks off there in November.
Over the past two years, Mohamed Al Fayed has been striving to clear Ritz Paris's debts and leave a stable hotel group for his heirs.
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Frenchman Thierry Andretta, CEO of the British leather goods manufacturer Mulberry, has been for some time the target of a major tax audit. France's Directorate General of Public Finances accuses him of having undervalued the flat he bought in 1999 in Paris.
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Cartier and Van Cleef, two Richemont group brands, have challenged and partially annulled the agreement concluded in 2021 between Louis Vuitton and the town of Vendôme. The agreement allows the LVMH-owned trunk-maker to use the name of the town, which is the namesake of the Parisian luxury goods epicentre.
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After opening a renovated Dior boutique at 30 Avenue Montaigne in the spring of 2022, LVMH quietly carried out another operation at number 22 this summer. Its goal is to take control of the building, which is the group's headquarters, and where it has until now only been a tenant.
The daughter of Princess Caroline of Monaco is suing two magazines, which she accuses of damaging her image, in particular through the publication of unauthorised photos. She is currently under contract with different luxury brands, such as Chanel.
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