Richemont Elevates Jewellery Bosses in Fresh Executive Shakeup Luxury conglomerate Richemont has recently made waves in the industry with its strategic executive promotions. Catherine Renier, the mastermind behind the success of the iconic Van Cleef & Arpels jewellery brand, has been catapulted to the company’s senior executive committee. Joining her is Louis Ferla, the esteemed […]
De Beers CEO Says US Diamond Demand Shows Signs of Recovery
De Beers CEO Says US Diamond Demand Shows Signs of Recovery The diamond industry, often regarded as a symbol of luxury and enduring love, has faced turbulent times in recent years. The COVID-19 pandemic dealt a severe blow to an already struggling market, with diamond prices plummeting and demand dwindling. However, there seems to be […]
LVMH’s Bernard Arnault Tells Spy Trial He Didn’t Know About Surveillance
In a high-profile trial in Paris, Bernard Arnault, the chairman and CEO of LVMH, testified regarding surveillance activities ordered by a former intelligence chief, Bernard Squarcini. As the world’s largest luxury goods company faces scrutiny over its actions, Arnault’s statements raised questions about corporate governance and ethical boundaries in the luxury sector. Arnault’s testimony focused […]
LVMH Would Take €800 Million Hit From France’s Planned Tax Hike
France’s proposed corporate tax increase is set to have significant repercussions for the nation’s economy, especially for its most prominent luxury brands. The government is eyeing an €8 billion hike in corporate taxes to manage the country’s ballooning budget deficit. This plan would primarily target successful companies generating more than €1 billion in revenue within […]