More watchmakers are launching certified pre-owned divisions to regain control over the resale of their old models. But between rampant speculation, the fight against money laundering, and stolen and counterfeit watches, it'll be a complex task.
For the last decade, the French tax authorities have been trying to get the Arnault family to pay tax on capital gains from stock options that were transferred to its Belgian holding company. A hearing at the Council of State has now given them cause for optimism.
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A long line of cars stretched out by the entrance to what was previously the 17th-century Laennec Hospital, now Kering's Paris headquarters, on the evening of 23 May.
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In addition to declining sales, the Italian fashion house is facing the failure of its strategy, launched two years ago, to win over the uber-wealthy. Launched with great fanfare, its VIP salon in LA has just closed.
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The favourite tailor of the Hollywood stars naturally took advantage of the Cannes film festival to invite its most prestigious clients to the seafront. But the plan went badly wrong.
A former employee had accused the Swiss watch and jewellery company of inappropriately using its camera security system to monitor its staff.
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The cosmetics giant claimed that major works had prevented it from using its head office between 2021 and 2023, meaning that it should have been exempt from local property tax.
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The president of the sector's representative body is wearing various other hats as well to defend the interests of the French jewellery trade. One of her most notable achievements is to have turned France into a bastion of natural diamonds amid the steady rise of their synthetic equivalent.
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As economic uncertainty looms, the arrival of a new competitor is raising fears that the UK's premier discount designer outlet centre may face an unprecedented drop in footfall.
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The Les Républicains senator, who regularly champions the luxury sector's cause in the French Senate, has shared the industry's concerns over a series of online posts promoting counterfeit products.
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