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Top Stories

Fashion

Lanvin boss jumps ship as suppliers sue for unpaid bills

Astrid Wendlandt

15 March 2026

It was bound to happen. Lanvin boss Siddhartha Shukla is leaving France’s oldest fashion brand still in operation. Several suppliers are suing the company for unpaid bills, headhunting and market sources said. Shukla has grown tired of having to fight for Lanvin’s survival, they added, and constantly having to convince its Chinese parent Fosun International to inject cash in the business to mop up the losses.

Weekly Highlights

WAR HITS MIDDLE EAST LUXURY

The conflict between Iran and Israeli and U.S. forces has triggered chaos in the Middle East and hit hard the luxury goods market, which enjoyed the world’s strongest growth last year and this year. As missiles slam down on Dubai, Abu Dhabi, Bahrein, Kuwait and Oman, tourist shoppers have vanished, thousands of expats have flown back home, and thousands of others have remained stranded. Many brands have closed boutiques in airports where traffic has been disrupted.

Recent Publications

Cosmetics

LVMH may struggle to sell Fenty Beauty stake, Make Up For Ever and Fresh

Astrid Wendlandt

8 March 2026

Spring cleaning is in full swing at LVMH. The French luxury goods giant is putting its Perfume and Cosmetics house in order after ousting division boss Stéphane Rinderknech last month. LVMH is looking for buyers for loss-making brands Fresh and Make Up For Ever, as well as for its 50 percent stake in the highly profitable Fenty Beauty brand, backed by singer and entrepreneur Rihanna.

Fashion Exclusive

Christophe Lemaire tightens grip on power after CEO exit

Astrid Wendlandt

1 March 2026

Christophe Lemaire, the former Lacoste and Hermès designer who’s dedicated himself to building his own brand for the past decade, has just sacked his CEO Laetitia Mergui. Her abrupt departure comes as the brand is having to reassess its strategy and sort out its customer service and quality issues after several years of strong growth. The journey of Lemaire’s company resembles that of Jacquemus.

Fashion

Management changes afoot at Richemont’s fashion unit

Astrid Wendlandt

22 February 2026

Succession stories have been the main event in fashion and leather goods for the past year as the global luxury goods industry wrestles with flagging consumer sentiment. Swiss behemoth Richemont, owner of world jewelry leader Cartier, is no exception. Richemont CEO Nicolas Bos now has his axe over the group’s troubled fashion and accessories division.

Fashion

Has Moncler reached its peak?

Astrid Wendlandt

15 February 2026

Moncler has enjoyed a strong ride in the past decade. It’s a popular status symbol, particularly among young people. The brand has tripled in size and now makes more than €3 billion in annual sales.

Watches

Richemont slims down. Is this the end of the group model?

Astrid Wendlandt

8 February 2026

Richemont is in talks to offload Jaeger-LeCoultre to its management team after the Swiss luxury group announced last month a similar deal with sister brand Baume & Mercier, according to multiple industry sources. If such a heritage watchmaker left the group, it would signal a radical strategy change and it would raise several questions about the future of its existing form.

Watches Exclusive

Greubel Forsey may be looking for buyers after Forsey exit

Astrid Wendlandt

1 February 2026

Luxury watchmaker Greubel Forsey is putting out feelers in the market to test the appetite among potential buyers after pushing out co-founder Stephen Forsey, industry sources say. Former Audemars Piguet CEO François-Henry Bennahmias is keen to invest in high-end watchmaking and recently looked at the brand, but informal talks did not get very far, they said.

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