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Over 300 articles

France
Kering's €800m invasion of Paris's Vendôme district

Opening a Gucci shop directly opposite LVMH's Louis Vuitton boutique on the Place Vendôme wasn't enough for Kering. The group has just acquired the four buildings that make up the southeast corner where the Rue de Castiglione meets the Rue Saint-Honoré. [...]

Published on 09/02/2023 at 06:30 GMT Reading time 3 minutes

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Houses

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Arnault
Compagnie financière de Choiseul
Ely-Michel Ruimy
Franklin Azzi
Galeries Lafayette
Gucci
Joël Robuchon
Kering
Logipierre 1
Louis Vuitton
LVMH
Pinault
Selectipierre 2
Wargny Katz

Spotlight | France
Kering looks to cut Gucci losses with sale of Vendôme quarter flagship building

Two years after acquiring four buildings for nearly €800m in Paris's Place Vendôme district, Kering still plans to open a giant Gucci store there. But the François-Henri Pinault-led luxury group wants to sell the properties to cut costs and keep only a minority stake.

Subscribers only Houses 14.11.2024

Kering is still planning to set up a Gucci megastore in Paris's Place Vendôme district.

France
Elusive Vuitton hotel propels palace intrigue

LVMH CEO Bernard Arnault openly cast doubt on plans for a Paris hotel within Louis Vuitton's forthcoming Champs-Élysées headquarters during the luxury giant's annual general shareholder meeting last week. Permission to build the hotel, requested last summer, is still awaiting municipal approval.

Subscribers only Houses 25.04.2024

Front Row | France
Lucien Pagès, the behind-the-scenes PR guru who courts the spotlight

Communications expert Lucien Pagès has worked with the key players of the luxury and fashion sectors for 17 years. Breaking with the usual discretion of press officers, he turned his eminently public profile into a successful trademark.

Free access Entourage 11.01.2024

Communications expert Lucien Pagès, an omnipresent figure in the luxury and fashion sectors.

France
Place Vendôme Gucci woes: skirmish for the top floor, skeletons in the cellar

Paris authorities rejected the spot chosen for a Gucci Osteria restaurant within the brand's planned mega-boutique near the Place Vendôme. Meanwhile, archaeologists are examining sarcophagi discovered beneath the site.

Subscribers only Houses 26.10.2023

France
Paris authority brings abrupt halt to Gucci flagship plans

After initially approving the project, Paris planning authorities have refused to give the green light to a Gucci boutique Kering is building, at great expense, on the Place Vendôme. Glitz.paris has also learned that historic funeral relics have been discovered at the construction site.

Subscribers only Houses 19.10.2023

France
François Pinault ring-fences his art collection

Kering founder François Pinault has put his artistic affairs in order, tidying up the finances of the art collection he has built up over six decades. His son François-Henri, who is about to take over the management of the family office, is less interested in art.

Subscribers only Families 05.10.2023

France
Luxury property: Arnault family has a look at Paris's Hôtel de Masseran

The Hôtel de Masseran, acquired by former Ivorian president Félix Houphouët-Boigny in 1978, has been discreetly put on the market for €150m. LVMH boss Bernard Arnault and his son-in-law Xavier Niel have already visited the sumptuous Paris townhouse.

Subscribers only Families 08.06.2023

France
Chanel recruits key consultant in bid to refresh image

Chanel has recruited a new communications consultant as it seeks to rejuvenate the house's brand image.

Subscribers only Houses 08.06.2023

Italy
How Kering is trying to ease tensions at luxury menswear subsidiary Brioni

After a decade of redundancies and the ensuing conflict between management and trade unions, workers at Italian suitmaker Brioni have reached an agreement on working hours, thus paving the way for increased production.

Free access Houses 01.06.2023

France
Galeries Lafayette property plight plot thickens in Paris's Marais district

The department store group is pressing ahead in its fight to convert two of its buildings in historic central Paris into high-end shops. But it is up against local authorities increasingly concerned about luxury groups buying buildings and letting them decay so they can demolish them.

Subscribers only Houses 25.05.2023

Spotlight | Europe
Kering, facing a European Commission cartel probe, seeks a way out

With investigators from the European Commission's competition authority turning up at its Milan offices in April, François-Henri Pinault's Kering has been quick off the mark, hoping to take advantage of a leniency scheme whereby collaboration with officials from the outset is richly rewarded.

Subscribers only Houses 04.05.2023

Investigators from the European Commission's Directorate-General for Competition (DG COMP) searched the Gucci Hub in Milan on 18 April.

France
Neighbourhood cafés around Paris's Place Vendôme hit luxury jackpot

Major luxury groups are scrambling to get their hands on the last pockets of space available around the French capital's Place Vendôme, and small neighbourhood cafés are making a pretty packet by selling their leases to the highest bidder.

Subscribers only Entourage 06.04.2023

United States
Vuitton among brands in dogged fight against US First Amendment

LVMH, along with the American Intellectual Property Law Association, wants the US Supreme Court to restrict the scope of the First Amendment after a 15-year battle spurred by... dog toys. Is the luxury giant barking up the wrong tree?

Subscribers only Houses 23.03.2023

United States
Consultancy heavy hitters swoop in to help Macy's, Bloomingdale's and pals

Struggling to recover from the pandemic and facing stiff competition from e-commerce platforms, US department stores like Macy's and Bloomingdale's are being approached by major strategy consultancy firms. Their advice is to draw inspiration from the recovery plans European department stores have put in place.

Free access Entourage 16.03.2023

France
Hotels and restaurants battle it out for Champs-Elysées rooftop terraces

While luxury brands jostle for the best street-level sites on Paris's grandest avenue, the big names in the hotel and events industry are on the lookout for rare roof terraces. Two are about to become available at either end of the iconic thoroughfare.

Subscribers only Entourage 23.02.2023

France
Sisley co-founder Isabelle d'Ornano battling with French tax authorities

Isabelle d'Ornano has been engaged in an intense ten-year battle with the French tax authorities, who say her vast apartment on Paris's Quai d'Orsay has been undervalued.

Subscribers only Families 23.02.2023

France
Louis Vuitton purchases a third of Pharrell Williams's time

Pharrell Williams has been appointed to succeed Virgil Abloh as Louis Vuitton's artistic director, signing a contract with very particular conditions that allow the rapper to keep running his own companies and honouring his community commitments.

Free access Houses 23.02.2023

France
Developer Ely-Michel Ruimy turns tidy profit in sale of Paris properties to Kering

The property developer, who also owns the licence for Joël Robuchon's restaurants internationally, has just sold four buildings in the French capital's Vendôme district to Kering for four times their purchase price.

Subscribers only Entourage 16.02.2023

France
Hubert Wargny, discreet keeper of the Pinault estate

Now in semi-retirement, Hubert Wargny was the Pinault family's long-standing notary for over 20 years and continues to liaise between his former firm and its largest client.

Subscribers only Families 03.11.2022

Spotlight | Saudi Arabia
LVMH, Kering, Richemont and Rolex face off in Riyadh, luxury's new El Dorado

The last Arab country under-equipped in malls and luxury shops, Saudi Arabia is progressively opening its doors to perfumes, jewellery and cosmetics, under Crown Prince Mohammed bin Salman's guidance. The industry's biggest names are jockeying for position.

Free access Houses 27.10.2022

France
François-Henri Pinault drops off the radar

François-Henri Pinault is making sure his travels don't show up on flight-tracking websites. The Kering CEO, who has owned a large-cabin private jet for two years, is keen to avoid the fate that befell Bernard Arnault, who was famously obliged to give up his own aircraft under pressure from plane-spotters tracking his movements.

Free access Families 20.10.2022

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Arnault
Compagnie financière de Choiseul
Ely-Michel Ruimy
Franklin Azzi
Galeries Lafayette
Gucci
Joël Robuchon
Kering
Logipierre 1
Louis Vuitton
LVMH
Pinault
Selectipierre 2
Wargny Katz

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France
Kering's €800m invasion of Paris's Vendôme district

This article may be accessed by subscribers

Do you want a free trial before subscribing?

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create a free account

Set up email notifications for these topics

Spotlight | France
Kering looks to cut Gucci losses with sale of Vendôme quarter flagship building

France
Elusive Vuitton hotel propels palace intrigue

Front Row | France
Lucien Pagès, the behind-the-scenes PR guru who courts the spotlight

France
Place Vendôme Gucci woes: skirmish for the top floor, skeletons in the cellar

France
Paris authority brings abrupt halt to Gucci flagship plans

France
François Pinault ring-fences his art collection

France
Luxury property: Arnault family has a look at Paris's Hôtel de Masseran

France
Chanel recruits key consultant in bid to refresh image

Italy
How Kering is trying to ease tensions at luxury menswear subsidiary Brioni

France
Galeries Lafayette property plight plot thickens in Paris's Marais district

Spotlight | Europe
Kering, facing a European Commission cartel probe, seeks a way out

France
Neighbourhood cafés around Paris's Place Vendôme hit luxury jackpot

United States
Vuitton among brands in dogged fight against US First Amendment

United States
Consultancy heavy hitters swoop in to help Macy's, Bloomingdale's and pals

France
Hotels and restaurants battle it out for Champs-Elysées rooftop terraces

France
Sisley co-founder Isabelle d'Ornano battling with French tax authorities

France
Louis Vuitton purchases a third of Pharrell Williams's time

France
Developer Ely-Michel Ruimy turns tidy profit in sale of Paris properties to Kering

France
Hubert Wargny, discreet keeper of the Pinault estate

Spotlight | Saudi Arabia
LVMH, Kering, Richemont and Rolex face off in Riyadh, luxury's new El Dorado

France
François-Henri Pinault drops off the radar

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About Glitz.paris

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About Glitz.paris

Subscription

Indigo Publications' websites

The geopolitics of fake goods

Jewellery sector's quest for clarity

The battle of the Bulgari heiresses

France Kering's €800m invasion of Paris's Vendôme district

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

Spotlight | France Kering looks to cut Gucci losses with sale of Vendôme quarter flagship building

France Elusive Vuitton hotel propels palace intrigue

Front Row | France Lucien Pagès, the behind-the-scenes PR guru who courts the spotlight

France Place Vendôme Gucci woes: skirmish for the top floor, skeletons in the cellar

France Paris authority brings abrupt halt to Gucci flagship plans

France François Pinault ring-fences his art collection

France Luxury property: Arnault family has a look at Paris's Hôtel de Masseran

France Chanel recruits key consultant in bid to refresh image

Italy How Kering is trying to ease tensions at luxury menswear subsidiary Brioni

France Galeries Lafayette property plight plot thickens in Paris's Marais district

Spotlight | Europe Kering, facing a European Commission cartel probe, seeks a way out

France Neighbourhood cafés around Paris's Place Vendôme hit luxury jackpot

United States Vuitton among brands in dogged fight against US First Amendment

United States Consultancy heavy hitters swoop in to help Macy's, Bloomingdale's and pals

France Hotels and restaurants battle it out for Champs-Elysées rooftop terraces

France Sisley co-founder Isabelle d'Ornano battling with French tax authorities

France Louis Vuitton purchases a third of Pharrell Williams's time

France Developer Ely-Michel Ruimy turns tidy profit in sale of Paris properties to Kering

France Hubert Wargny, discreet keeper of the Pinault estate

Spotlight | Saudi Arabia LVMH, Kering, Richemont and Rolex face off in Riyadh, luxury's new El Dorado

France François-Henri Pinault drops off the radar

Set up email notifications for these topics

About Glitz.paris

Subscription

Glitz.paris on social media

Indigo Publications' websites

France
Kering's €800m invasion of Paris's Vendôme district

Spotlight | France
Kering looks to cut Gucci losses with sale of Vendôme quarter flagship building

France
Elusive Vuitton hotel propels palace intrigue

Front Row | France
Lucien Pagès, the behind-the-scenes PR guru who courts the spotlight

France
Place Vendôme Gucci woes: skirmish for the top floor, skeletons in the cellar

France
Paris authority brings abrupt halt to Gucci flagship plans

France
François Pinault ring-fences his art collection

France
Luxury property: Arnault family has a look at Paris's Hôtel de Masseran

France
Chanel recruits key consultant in bid to refresh image

Italy
How Kering is trying to ease tensions at luxury menswear subsidiary Brioni

France
Galeries Lafayette property plight plot thickens in Paris's Marais district

Spotlight | Europe
Kering, facing a European Commission cartel probe, seeks a way out

France
Neighbourhood cafés around Paris's Place Vendôme hit luxury jackpot

United States
Vuitton among brands in dogged fight against US First Amendment

United States
Consultancy heavy hitters swoop in to help Macy's, Bloomingdale's and pals

France
Hotels and restaurants battle it out for Champs-Elysées rooftop terraces

France
Sisley co-founder Isabelle d'Ornano battling with French tax authorities

France
Louis Vuitton purchases a third of Pharrell Williams's time

France
Developer Ely-Michel Ruimy turns tidy profit in sale of Paris properties to Kering

France
Hubert Wargny, discreet keeper of the Pinault estate

Spotlight | Saudi Arabia
LVMH, Kering, Richemont and Rolex face off in Riyadh, luxury's new El Dorado

France
François-Henri Pinault drops off the radar