Top news of the week: 09.10.2023.
CEO Talks: Mayhoola’s Rachid Mohamed Rachid
The Egyptian entrepreneur transitioned from Coca-Cola and Lipton tea to chairman of Valentino and Balmain.
World’s second richest man LVMH’s Bernard Arnault under investigation in Paris over connections to Russian oligarch
French prosecutors said the investigation has been underway since 2022. Bernard Arnault's lawyers said money-laundering allegations linking to Nikolai Sarkisov were "absurd and groundless."
As Luxury Brands Expand In New York City, Their Success May Be Delayed
NYC is enjoying a luxury real estate boom gaining 27% of luxury brand's 650,000 sq. ft. investment in U.S. stores. But recouping their investment may take time.
L Catterton to step up India focus over 2 yrs
The PE firm, which raised a $1.4 billion Asia fund in 2019 to deploy in China, Japan and India, is scouting for opportunities across consumer sub-segments
No. 49
Fashion-savvy creators making millions on TikTok, Instagram and YouTube by shaping global tastes and trends across arts, style, and luxury
Macron’s Fashion Party, Chanel’s Front Row, Dior Taps James Deeny
French President Emmanuel Macron partied with the fashion crowd, Chanel drew a star-studded front row, Dior names James Deeny director of international press and public relations.
Pandora Partners With British Fashion Council For The Fashion Awards 2023
The collaboration aims to shed light on the year's defining moments in fashion, underlined by purpose, excellence, and creativity.
Riley Keough and Chanel, Kors Heads to Dubai, Carl Friedrik Hits Selfridges
Chanel has tapped Riley Keough as its latest face, Michael Kors will show in Dubai, the Carl Friedrik luggage brand is now at Selfridges.