Spotlight | Austria, Switzerland
Swarovski struggling with languid growth and lingering family conflict

Conflict, largely concealed by Swarovski, broke out within the shareholding family in 2020. © Studio Pachamama

Crystal jewellery giant Swarovski announced a tentative return to growth in 2023, but the company has not paid dividends to family shareholders for more than four years and is caught in the middle of a fraught stand-off between relatives. [...]

Published on 21/03/2024 at 06:00 GMT Reading time 4 minutes

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Alexis Nasard
Annalisa Loustau Elia
Bally
Cartier
Christian Hausmaninger
Christoph Swarovski
Covid-19
Daniel Swarovski
David Wielemans
Gucci
Heineken
Helmut Swarovski
Jérôme Dandrieux
Kering
Kim Kardashian
Klaus Peter Berger
L'Oréal
Luxottica
LVMH
Manuel Martinez
Marc Jacobs
Marco Del Prete
Markus Langes-Swarovski
Mathias Margreiter
Myrtille Clément-Fromentel
Nadja Swarovski
Pandora
Paul Swarovski
Procter & Gamble
Rimowa
Robert Buchbauer
Robert Singer
Swarovski
Swarovski AG
Swarovski Auslandsholding GmbH
Swarovski International Holding
Tiffany & Co
Valentino

France
French ‘living heritage' firms irked by Swiss company picked to run certification scheme

The awarding of the management of France's "living heritage" label to the Swiss giant SGS, revealed by Glitz.paris, has upset firms that benefit from the certification and its tax perks. But the people making the most noise had themselves been candidates to manage the designation.

Subscribers only Entourage 02.05.2024

Austria
Feud between Swarovski heirs to play out in open court

Austria's Supreme Court ruled last week that a dispute between some Swarovski heirs and their cousins who are directors of the group must be settled by the country's courts. That will bring the family feud, fought out so far in the privacy of arbitration chambers, into public view.

Subscribers only Families 25.04.2024

South Korea
Farfetch faces growing scrutiny over counterfeit goods

Several luxury groups have recently pulled their brands' products from the online retail site Farfetch. In response, the platform's new owners, the South Korean group Coupang, have adopted a new approach that could in practice open the floodgates to counterfeit sales.

Subscribers only Entourage 07.03.2024

France
Who will succeed Daniel Buren as Le Bon Marché's next guest artist?

Every year, LVMH's flagship Paris department store becomes a canvas for an invited contemporary artist. Glitz.paris reveals the name of the artist selected to follow Daniel Buren's star turn.

Subscribers only Houses 07.03.2024

Front Row | France, United States
Vestiaire Collective's Sophie Hersan spearheads luxury's environmental turn

The co-founder of the second-hand fashion website Vestiaire Collective has leapt into the sustainable clothing niche and become a go-to circularity specialist for both luxury brands and government bodies.

Subscribers only Entourage 08.02.2024

Sophie Hersan, Vestiaire Collective's co-founder and fashion director.

Spotlight | France, Switzerland
Madagascar sapphire mine exposes jewellery firms' hollow 'ethical' claims

All the luxury groups, from Richemont to LVMH, have made traceability commitments for their coloured stone jewellery. But the realities of a market concentrated in a handful of countries make credible certification impossible. Glitz.paris looks into the situation in Madagascar, the epicentre of the sapphire business.

Subscribers only Houses 11.05.2023

In the absence of a proper traceability system, jewellers have come up with charters of good conduct to try to respond to their customers' concerns.

Set up email notifications for these topics

Alexis Nasard
Annalisa Loustau Elia
Bally
Cartier
Christian Hausmaninger
Christoph Swarovski
Covid-19
Daniel Swarovski
David Wielemans
Gucci
Heineken
Helmut Swarovski
Jérôme Dandrieux
Kering
Kim Kardashian
Klaus Peter Berger
L'Oréal
Luxottica
LVMH
Manuel Martinez
Marc Jacobs
Marco Del Prete
Markus Langes-Swarovski
Mathias Margreiter
Myrtille Clément-Fromentel
Nadja Swarovski
Pandora
Paul Swarovski
Procter & Gamble
Rimowa
Robert Buchbauer
Robert Singer
Swarovski
Swarovski AG
Swarovski Auslandsholding GmbH
Swarovski International Holding
Tiffany & Co
Valentino

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