United States
Qatari royal family gears up for Printemps New York launch

By choosing the Financial District for its first US address, Printemps, which is owned by the former Emir of Qatar Hamad bin Khalifa Al Thani, is counting on the revival of New York City's former banking quarter. [...]

Published on 06/02/2025 at 06:00 GMT Reading time 2 minutes Noëmie Leclercq

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Bank of New York Mellon
Bergdorf Goodman
Condé Nast
Council of Fashion Designers of America
Galeries Lafayette
Goldman Sachs
Hamad bin Khalifa Al Than
Harry Macklowe
Laura Gonzalez
Macy's
Mathew Bernhardt
Olympe Investments
Printemps
Richemont
Saks Fifth Avenue
Thierry Prevost

China, France
French court makes Printemps pay hefty VAT bill for Chinese customer ‘guide'

An audit by French tax authorities uncovered the underhand methods used by Printemps to pay a "guide" responsible for attracting Chinese tourists to the department store. The company had to pay a hefty VAT bill.

Subscribers only Houses 21.11.2024

France, Qatar
Royal shareholder throws financial lifeline to Printemps

The luxury department store chain is sliding ever further into debt to the Qatari royal family, and has also taken out a series of commercial loans.

Subscribers only Houses 14.03.2024

United States
Saks store closes after struggling to pay its rent

Experiencing serious difficulties like its fellow American counterparts Barneys, Bergdorf Goodman and Bloomingdale's, the luxury retail chain Saks has been facing a rent problem in one of the East Coast's main shopping destinations.

Subscribers only Entourage 02.11.2023

Spotlight | Saudi Arabia
Riyadh ramps up efforts to conquer luxury sector

Alongside China and South Korea, Saudi Arabia is one of the most dynamic luxury markets. It now hopes to convert rampant consumerism into buoyant business and make a name for itself in the sector. To that end, it is trying to build bridges with European countries, as well as major luxury groups, but with mixed results so far.

Subscribers only Entourage 02.11.2023

Saudi Arabia is trying to establish itself as a fully-fledged player in the luxury sector.

Spotlight | France
La Samaritaine: the iconic Paris department store that became a burden for LVMH

Two years after its much-touted reopening, the veritable institution that LVMH spent €750m renovating in the heart of the French capital is struggling to pull in customers.

Subscribers only Houses 07.09.2023

La Samaritaine, the Paris institution refurbished by Bernard Arnault's LVMH, is struggling to find customers.

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Bank of New York Mellon
Bergdorf Goodman
Condé Nast
Council of Fashion Designers of America
Galeries Lafayette
Goldman Sachs
Hamad bin Khalifa Al Than
Harry Macklowe
Laura Gonzalez
Macy's
Mathew Bernhardt
Olympe Investments
Printemps
Richemont
Saks Fifth Avenue
Thierry Prevost

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