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France
LVMH duty-free boss announces departure as retail CEO retires

Less than three weeks after Chris de Lapuente said he was stepping down as boss of LVMH's selective retailing division, the man he recruited to take charge of duty-free, Benjamin Vuchot, is also leaving the group. [...]

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

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Houses

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24S
Benjamin Vuchot
Cartier
Covid-19
DFS
Fondaco dei Tedeschi
La Samaritaine
Le Bon marché
LVMH
Procter & Gamble
Richemont
Sephora

Front Row | France
The twilight of duty-free tycoon Robert W. Miller

A key partner of LVMH for the last two decades, the family of British-American duty-free magnate Robert W. Miller must now deal with the steadily decreasing value of family firm DFS, founded in 1960.

Subscribers only Families 05.12.2024

From left to right: Pia Miller, Alexandra Miller, Marie-Chantal Miller, María Clara Miller and Robert Warren Miller.

France
China crisis pushes LVMH into major rethink about its retail and duty-free business

LVMH is pondering whether to divest its Paris department store La Samaritaine from its duty-free retailer DFS. That could advance Bernard Arnault's long-held plan to sell DFS, which has been loss-making since the pandemic curbed Chinese consumers' foreign travel.

Subscribers only Houses 28.11.2024

Italy
Why LVMH is closing Venice's Fondaco dei Tedeschi

The Fondaco dei Tedeschi department store in Venice had been struggling for years, surviving only thanks to repeated cash injections from LVMH retail arm DFS and an aggressive discounting policy.

Subscribers only Houses 21.11.2024

Front Row | France, Iran
Samir Goshayeshi, the discreet cosmetics magnate behind the Smallable takeover

Dubai-based French-Iranian businessman Samir Goshayeshi is stepping up his takeovers of struggling luxury and fashion players via his Hong Kong-based holding company AA Investments. After acquiring luxury e-commerce site Smallable and several perfume and cosmetics brands, he now has his sights set on Y/Project.

Subscribers only Entourage 14.11.2024

AA Investments is managed by Morteza 'Samir' Goshayeshi, a 64-year-old Frenchman of Iranian origin living in Dubai.

France
Taxman deprives La Samaritaine of lucrative tax niche

All the major department stores in Paris benefit from a tax exemption originally designed to protect small businesses. The French tax authorities, which want to curb abuses of this provision, have just stripped La Samaritaine department store, a subsidiary of LVMH, of this right.

Subscribers only Houses 24.10.2024

France
Lapuente's looming LVMH exit puts inner circle on edge

Chris de Lapuente's imminent departure from the fashion giant will destabilise the executives connected with him at LVMH's selective retailing division and at Sephora. That could be especially problematic for those not originally from the luxury sector.

Free access Houses 10.10.2024

France
LVMH executive Chris de Lapuente's exit accelerates board revamp

Breaking news published on 27/09/24 at 17:05 GMT - Selective retailing branch chief Chris de Lapuente is only the latest executive to leave the luxury giant's executive board, after Antonio Belloni and ahead of Jean-Jacques Guiony's planned departure next year.

Subscribers only Houses 27.09.2024

Italy
Loss-making Fondaco dei Tedeschi teams up with LVMH stablemate La Samaritaine

The two prestigious department stores have launched a three-month collaboration, but like its Parisian counterpart, the Venetian concern is struggling financially.

Subscribers only Houses 28.03.2024

China
Beijing prepares new generation of duty-free shops

Two years after giving out new duty-free operating licences on the island of Hainan, China's government is preparing another revolution in tax-free luxury shopping: duty-free shops in the hearts of cities.

Free access Entourage 22.12.2022

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24S
Benjamin Vuchot
Cartier
Covid-19
DFS
Fondaco dei Tedeschi
La Samaritaine
Le Bon marché
LVMH
Procter & Gamble
Richemont
Sephora

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France
LVMH duty-free boss announces departure as retail CEO retires

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Front Row | France
The twilight of duty-free tycoon Robert W. Miller

France
China crisis pushes LVMH into major rethink about its retail and duty-free business

Italy
Why LVMH is closing Venice's Fondaco dei Tedeschi

Front Row | France, Iran
Samir Goshayeshi, the discreet cosmetics magnate behind the Smallable takeover

France
Taxman deprives La Samaritaine of lucrative tax niche

France
Lapuente's looming LVMH exit puts inner circle on edge

France
LVMH executive Chris de Lapuente's exit accelerates board revamp

Italy
Loss-making Fondaco dei Tedeschi teams up with LVMH stablemate La Samaritaine

China
Beijing prepares new generation of duty-free shops

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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 LVMH duty-free boss announces departure as retail CEO retires

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Front Row | France The twilight of duty-free tycoon Robert W. Miller

France China crisis pushes LVMH into major rethink about its retail and duty-free business

Italy Why LVMH is closing Venice's Fondaco dei Tedeschi

Front Row | France, Iran Samir Goshayeshi, the discreet cosmetics magnate behind the Smallable takeover

France Taxman deprives La Samaritaine of lucrative tax niche

France Lapuente's looming LVMH exit puts inner circle on edge

France LVMH executive Chris de Lapuente's exit accelerates board revamp

Italy Loss-making Fondaco dei Tedeschi teams up with LVMH stablemate La Samaritaine

China Beijing prepares new generation of duty-free shops

Set up email notifications for these topics

About Glitz.paris

Subscription

Glitz.paris on social media

Indigo Publications' websites

France
LVMH duty-free boss announces departure as retail CEO retires

Front Row | France
The twilight of duty-free tycoon Robert W. Miller

France
China crisis pushes LVMH into major rethink about its retail and duty-free business

Italy
Why LVMH is closing Venice's Fondaco dei Tedeschi

Front Row | France, Iran
Samir Goshayeshi, the discreet cosmetics magnate behind the Smallable takeover

France
Taxman deprives La Samaritaine of lucrative tax niche

France
Lapuente's looming LVMH exit puts inner circle on edge

France
LVMH executive Chris de Lapuente's exit accelerates board revamp

Italy
Loss-making Fondaco dei Tedeschi teams up with LVMH stablemate La Samaritaine

China
Beijing prepares new generation of duty-free shops