Houses

Spotlight | Italy
Fendi celebrates its centenary with changes at the top

Spotlight | France
The hidden costs of Hermès's model of orchestrated ultra-exclusivity

Hermès, which is due to unveil its 2024 results tomorrow, is weathering the crisis in the luxury goods sector much better than its competitors, thanks in particular to its business model, which is based on the rarity of its bags. But the downside of this model, which requires the group to keep a close eye on both its sales staff and its customers, is not reflected in the figures, even though it requires ever greater resources.

Front Row | France
French ex-foreign minister Hubert Védrine, LVMH's veteran diplomat

The 77-year-old French former foreign minister, who has been a director of the luxury goods giant for more than 20 years, wants to seek a final term at the LVMH general meeting in April. LVMH, for its part, has made no announcement to its shareholders.