The hunt for Hermès's lost shares | Versace back on the market? | Singapore luxury magnate's legal troubles

The intelligence of luxury

Access Our Must-Read Articles Consult our Website     Spotlight | France, Switzerland The secret story of the 6 million Hermès shares that vanished into thin air   Glitz.paris has reconstructed the movements of the 6 million shares held by Hermès heir Nicolas Puech that mysteriously disappeared into a labyrinth of offshore accounts and Panama shell companies. The shares passed through the hands of Swiss asset managers, then LVMH finance directors, and are now beyond the reach of their owner, who is calling it the "heist of the century". Part 1 of 2.   Subscribers only | Families | 21.11.2024 Follow our running story : "Hermès heirs at odds"     Families     Front Row | Singapore The Ong family, Singapore's media-shy luxury magnates Tycoon Ong Beng Seng is currently fighting corruption charges in Singapore and has already had a brush with the law in the Maldives, where he owns several of the finest hotels. His wife Christina Ong works in the luxury hotel business, too, and runs the Singapore franchises of numerous brands. The family owns multiple properties on London's prestigious Bond Street, and a majority stake in British leather goods brand Mulberry.   Subscribers only 10.10.2024     China, France After Lanvin, billionaire Adrian Cheng relaunches trunk-maker Au Départ   Au Départ, the emblematic brand of the great trunk-makers of the 19th century, is to open a Paris boutique in October, the first since the group went bust in the 1970s. Its renaissance is the brainchild of Hong Kong billionaire Adrian Cheng, who is also a shareholder in Lanvin.   Subscribers only 03.10.2024     Houses     United States Versace back on the market after Capri-Tapestry ruling?   Before deciding last year to merge with Tapestry, Capri Holdings had considered the possibility of selling one of its major brands, Versace. Now that the US regulator has objected to the Capri-Tapestry merger, this sale could be back on the cards, whether the merger is blocked or not.   Subscribers only 24.10.2024       France On the eve of Paris Fashion Week, LVMH ponders management rethink of couture houses   Just as LVMH is finalising the arrival - and potential departure - of several creative directors, the management of LVMH Fashion Group is weathering turbulence, too. Having set up an interim management team, the luxury giant is now eyeing a more permanent organisation.   Subscribers only 19.09.2024       Italy, United States Estée Lauder's golden Tom Ford licence   Despite the difficulties Tom Ford has encountered, its operator Ermenegildo Zegna still pays substantial royalties to Estée Lauder, which owns the brand and its intellectual rights. Glitz.paris details the sums involved.   Free access 21.11.2024     Entourage     Front Row | France Émile Meunier, the Green scourge of LVMH An ecologist elected to Paris's city council, Émile Meunier tracks down advertising excesses in the public space by luxury brands, in particular LVMH. In so doing, the former lawyer has made a name for himself.   Subscribers only 17.10.2024     Italy, United States LuisaViaRoma's NYC grand opening obscures heavy losses   Backed by a number of luxury investors, the Italian concept store LuisaViaRoma has been heavily publicising its new shop in New York City, the first outside its homeland. But financially, all is not well behind the scenes.   Subscribers only 26.09.2024   Families • Houses • Entourage Our Investigations, Your Choice. Every Thursday.   Subscribe today

For any questions, please contact us To manage your newsletters, click here To unsubscribe, click here