LVMH's secret Rodeo Drive projects | Chalhoub buys Puig stock | The RealReal's fire sale

Plus: La Samaritaine, Pierre Cardin, Antoine Arnault, Albane Cleret

Thursday 2 May Read this issue     Spotlight | United States LVMH's mystery projects on Rodeo Drive   A year after the French luxury giant was forced to abandon plans for a Cheval Blanc hotel in Beverly Hills, LVMH has launched a new project, behind the facade of a holding company, to renovate the historic Luxe Rodeo Drive Hotel's former premises.   Subscribers only | Houses     Families     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       France Pierre Cardin heirs close ranks ahead of ultimate inheritance battle   French courts will decide this summer whether to annul a will naming Rodrigo Basilicati-Cardin as Pierre Cardin's sole heir. Meanwhile, the other 22 relatives laying claim to the designer's estate are trying to reach an agreement on how to settle their multi-million-euro inheritance tax bill.   Subscribers only     Houses     France LVMH seeks to keep La Samaritaine open despite Olympic security curbs     The central Paris department store and the Cheval Blanc hotel it houses will find themselves in a top security zone during this summer's Olympics. LVMH, which owns both establishments, hopes to use its status as a Games sponsor to get an exemption so they can remain open.   Subscribers only       UAE Chalhoub family boosts Puig investment   Already a shareholder in Puig, where he has been a director since 2020, Patrick Chalhoub intends to capitalise on the Spanish luxury giant's IPO this Friday to increase his stake.   Subscribers only     Entourage     Front Row | France Albane Cleret, Cannes luxury party hostess Every year during the Cannes Film Festival, luxury brands rent out the Marriott's rooftop terrace, as it becomes an ephemeral restaurant-bar and festival hot spot. During the rest of the year, the venue's manager, Albane Cleret, stages dinners for the luxury sector.   Subscribers only     France French 'living heritage' firms irked by Swiss company picked to run certification scheme   The awarding of the management of France's "living heritage" label to the Swiss giant SGS, revealed by Glitz.paris, has upset firms that benefit from the certification and its tax perks. But the people making the most noise had themselves been candidates to manage the designation.   Subscribers only       United States The RealReal sells real estate to cover losses   Like many of its competitors in the luxury online consignment sector, the California-based market leader has been struggling since 2020. To help make ends meet, The RealReal has put part of its Los Angeles offices up for sale.   Free access       France Centre Pompidou restaurant run by Costes family remains in debt to the museum   Georges, located on the 6th floor of Paris's Centre Pompidou, is poised to shut its doors in 2025. But the restaurant will continue to pay off its debts to the museum after it closes.   Subscribers only

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