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Over 300 articles

Europe
Kering and LVMH vie for virtuousness, Chanel switches sides

LVMH and Kering are each trying to rally luxury players to subscribe to their corporate responsibility and sustainability schemes. Chanel, which signed up to Kering's Watch & Jewellery Initiative 2030, has since switched allegiances to LVMH in the hope of influencing the auditing schedule for its supply chains. [...]

Published on 21/12/2023 at 06:00 GMT Reading time 3 minutes

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Houses

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Antoine Arnault
Barrie
Cartier
Chanel
Dior
European Union
Human Rights Watch
Kering
Loro Piana
LVMH
Natalie Portman
OECD
Richemont
Stella McCartney
Unesco
United Nations
Watch & Jewellery Initiative 2030
Wertheimer

United Kingdom
Wertheimers top fellow French luxury families on dividend payouts

Thanks to increased sales, the Chanel shareholders have pocketed record dividends, far in excess of those paid out to family shareholders of other French luxury groups.

Subscribers only Families 20.06.2024

France
Antoine Arnault on the trail of philosopher Jean-Jacques Rousseau with investment spree

LVMH image chief Antoine Arnault, eldest son of the group's CEO, has acquired real estate and business interests in Ermenonville, a village north-east of Paris where the 18th-century philosopher spent his final days.

Subscribers only Families 02.05.2024

France, Italy
Kering board nominee opened Italian museum to luxury groups

Kering will put forward Giovanna Melandri's name to shareholders next month to replace outgoing board member Emma Watson, whose departure Glitz.paris foretold in January. The former Italian culture minister built bridges between the art and luxury worlds as head of Rome's Maxxi modern art museum.

Subscribers only Houses 21.03.2024

France
Paris 2024: How does LVMH select its sports ambassadors?

Luxury giant LVMH, a premium sponsor of the Paris Olympic and Paralympic Games, is set to announce the names of the athletes its brands have signed to exclusive contracts.

Subscribers only Houses 22.02.2024

United States
Kering readies its big brands to do battle on Fifth Avenue

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.

Free access Houses 25.01.2024

France
Rush to take on artisans largely about the money

The recent spate of speciality artisan workshop acquisitions by major luxury brands is driven by very real commercial calculations.

Subscribers only Houses 25.01.2024

Spotlight | France, United Kingdom
Chanel braced for new generation of leadership

No fewer than four of Chanel's longstanding executives have left the company and its board within less than 10 months. Will CEO Leena Nair seize the opportunity to rethink the company's management, with a younger, more women-centred team?

Subscribers only Houses 18.01.2024

Chanel's board of directors, which has seen four of its long-standing members leave in recent months.

France, United Kingdom
Is actress Emma Watson's spell as Kering director over?

Having joined Kering's board in 2020, Emma Watson's term is due to expire at the luxury group's next general meeting. The fact that Kering's shareholding Pinault family has acquired the talent agency that represents the actress could complicate her reappointment.

Free access Houses 18.01.2024

Spotlight | France, Italy
How Accor CEO Sébastien Bazin became Bernard Arnault's latest rival

The eternal rivalry between luxury giants LVMH and Kering acquired legendary status during their battle to buy Gucci in the 1990s. But that duel is gradually being eclipsed by the tug-of-war between the Bernard Arnault-led group and hotel giant Accor in the high-end hospitality sector.

Subscribers only Houses 14.12.2023

High-end hotel and restaurant companies are maintaining their growth. That is particularly true of Accor, whose share price has risen steadily over the past six months; LVMH's, meanwhile, has dropped.

United States
Questions mount over synthetic diamond certifications

The ratings that certification bodies ascribe to diamonds to determine their quality, and thus inform their value, are under fire. Critics say certain defects in synthetic diamonds, such as premature ageing, are not sufficiently taken into account, nor is the stones' environmental impact.

Subscribers only Entourage 30.11.2023

Spotlight | France, Italy, Mongolia
Chanel quietly grabs more Mongolian cashmere by the horns

In the face of increasing competition from affordable luxury brands for cashmere products, Chanel has been discreetly working to buy out cashmere assets in Mongolia, where the fine wool is produced. To soften cashmere's troubling environmental reputation, Chanel has employed specialised consultants.

Free access Houses 23.11.2023

Chanel secures its cashmere supplies by investing in Mongolia, where the finest wool is produced.

United States
TAG Heuer to invest time in huge US expansion

LVMH watchmaker TAG Heuer - the brand that Frédéric Arnault, LVMH CEO Bernard Arnault's second-youngest son, has headed since 2020 - is about to embark on a dramatic sales push in the United States. Its aim is to have 50 of its own shops.

Subscribers only Houses 14.09.2023

Russia
Luxury jewellers seek alternative solutions now that Russian diamonds are off limits

Unable to buy Russian diamonds due to US and EU sanctions, jewellery companies are looking for other options to help them play by the rules and polish up their reputations with clients.

Subscribers only Houses 29.06.2023

Russia, United States
Looming Russian diamonds' embargo fails to take shine off sales of its coloured stones

US diplomacy has been pushing to get the G7, which is about to meet in Japan, to discuss a sanctions plan on Russian diamonds. Whatever the outcome of these talks, one thing is certain: emeralds mined for Moscow will continue to be sold freely.

Free access Entourage 18.05.2023

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.

Spotlight | France
Beyond NFTs, Chanel and Vuitton work on more strategic blockchain uses

While the luxury giants launch virtual products via blockchain-based NFTs with great fanfare, they are experimenting behind the scenes with more strategic applications for the same technology, including tools for tracing their products' composite materials.

Subscribers only Entourage 06.04.2023

Chanel has been working for months on a major project grounded in blockchain technology.

Spotlight | France, United Kingdom
How LVMH poured €111m into Stella McCartney

Officially, French luxury giant LVMH and British designer Stella McCartney have been "partners" since 2019. In fact, they have strong financial links that have grown even closer in recent months.

Free access Houses 12.01.2023

The Arnault family, majority shareholders of LVMH and partners of Stella McCartney since 2019, flocked to her show at Paris Fashion Week on 2 October 2022.

Set up email notifications for these topics

Antoine Arnault
Barrie
Cartier
Chanel
Dior
European Union
Human Rights Watch
Kering
Loro Piana
LVMH
Natalie Portman
OECD
Richemont
Stella McCartney
Unesco
United Nations
Watch & Jewellery Initiative 2030
Wertheimer

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