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France
Laundering fears prompt leather goods companies to blacklist customers

To avoid trouble with the French authorities, leading luxury brands are being proactive, not least by paying close attention to cash payments. [...]

Published on 17/10/2024 at 06:00 GMT Reading time 2 minutes

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Houses

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Direction générale de la concurrence, de la consommation et de la répression des fraudes
Hermes
Louis Vuitton
LVMH
Tracfin

Spotlight | France
Money laundering: French finance ministry puts luxury sector under surveillance

After focusing first on the watch trade, French authorities are now cracking down on the luxury sector as a whole. They are taking aim at everything from jewellery to leather and second-hand goods, with in-depth investigations and heavy sanctions.

Subscribers only Entourage 12.09.2024

France's consumer affairs and fraud watchdog, the DGCCRF, conducted a survey of the luxury goods sector between October 2022 and June 2023.

Spotlight | United States
Crocs for the chop: will exotic skins weather the storm?

Between pressure from animal rights NGOs, an increasingly sceptical public and extreme weather events, exotic skin producers are seeing their market transformed dramatically and are worried about the future of their farms.

Free access Entourage 06.06.2024

In the United States, crocodile and alligator breeders were hard hit by the natural disasters of 2023.

Spotlight | France
How second-hand sales send Hermès bag prices soaring

Manufactured in limited quantities, Hermès's most sought-after bags are at the core of a resale system orchestrated by second-hand luxury retailers, which sell brand-new items as if they had been pre-owned. That practice distorts the market and ramps up prices.

Free access Entourage 16.05.2024

Among Hermès bags, the Birkin and Kelly models are very popular on luxury consignment platforms.

European Union
LVMH's low-profile EU fight for right to use fur

Just as the European Commission was weighing in on whether to ban fur, LVMH sent a high-level delegation to Brussels to defend the use of the controversial animal product in its clothing.

Subscribers only Houses 16.05.2024

France
How PETA scores Fashion Week invitations

Animal rights organisation PETA deployed notable disruptions at the London, Milan, New York and Paris Fashion Weeks. Glitz.paris has the lowdown on how the group did it.

Subscribers only Entourage 05.10.2023

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Direction générale de la concurrence, de la consommation et de la répression des fraudes
Hermes
Louis Vuitton
LVMH
Tracfin

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France
Laundering fears prompt leather goods companies to blacklist customers

This article may be accessed by subscribers

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Set up email notifications for these topics

Spotlight | France
Money laundering: French finance ministry puts luxury sector under surveillance

Spotlight | United States
Crocs for the chop: will exotic skins weather the storm?

Spotlight | France
How second-hand sales send Hermès bag prices soaring

European Union
LVMH's low-profile EU fight for right to use fur

France
How PETA scores Fashion Week invitations

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About Glitz.paris

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Indigo Publications' websites

About Glitz.paris

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Indigo Publications' websites

The geopolitics of fake goods

Jewellery sector's quest for clarity

The battle of the Bulgari heiresses

France Laundering fears prompt leather goods companies to blacklist customers

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 Money laundering: French finance ministry puts luxury sector under surveillance

Spotlight | United States Crocs for the chop: will exotic skins weather the storm?

Spotlight | France How second-hand sales send Hermès bag prices soaring

European Union LVMH's low-profile EU fight for right to use fur

France How PETA scores Fashion Week invitations

Set up email notifications for these topics

About Glitz.paris

Subscription

Glitz.paris on social media

Indigo Publications' websites

France
Laundering fears prompt leather goods companies to blacklist customers

Spotlight | France
Money laundering: French finance ministry puts luxury sector under surveillance

Spotlight | United States
Crocs for the chop: will exotic skins weather the storm?

Spotlight | France
How second-hand sales send Hermès bag prices soaring

European Union
LVMH's low-profile EU fight for right to use fur

France
How PETA scores Fashion Week invitations