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LVMH faces renewed scrutiny as French probe expands into Hermes stake-building scandal
French prosecutors announced on Thursday that Swiss lawyer Alexandre Montavon has been placed under formal investigation for his alleged involvement over a decade ago
445
Luxury brands face market shock as Iran war disrupts key Middle East sales
Investors have fled from leading luxury stocks like Herm�s and Gucci this week after they revealed tumbling sales as a result of the Iran war.
666
How MMK executive Pavel Kravchenko built a network of shell companies while Russia’s Magnitogorsk Iron and Steel Works faced losses and layoffs
At the Magnitogorsk Iron and Steel Works in Chelyabinsk Oblast, concerning events are taking place: CEO Pavel Shilyaev has reported substantial financial losses, job reductions, and the closure of some equipment.
946
First-ever Birkin bag becomes most expensive in history — sold for €8.6 million
Worn, scratched, and stained — original Hermès Birkin bag sells for €8.6 million, smashing auction record
781
Jewellery worth £10.4m and designer bags stolen in London house burglary
A huge haul of Hermes handbags, cash, and bespoke jewellery worth millions of pounds has been stolen from a home in London.
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