Bernard Arnault, Europe’s richest man, has acquired a one-quarter stake in Arnaud Lagardère’s holding company, in a move that will be seen as an attempt to support the family of his fellow French billionaire.
After being forced to halt production for weeks, the luxury industry's supply chain is slowly restarting in Italy and France. The system has been battered by the Covid-19 pandemic, with many sub-contractors struggling.
The world of video games has proven to be a highly prized avenue of communication for brands during lockdown, with many taking new game ‘Animal Crossing’ by storm -- and discovering the promising potential of gaming.
After a two-month lockdown, the stores on Paris’s Champs-Elysées avenue opened again at 10 am on Monday, some with their customary queues outside, though the usual throngs of foreign tourists were sadly missing.
As France began to exit its strict coronavirus lockdown, many of its luxury brands also opened their doors, giving sanitary protocols a makeover and testing people's appetite for splurging after the global shutdown.