Eva Morletto

Following a €100 million capital injection in November 2025 from Kering and Mayhoola, Valentino is continuing to restructure its finances through debt refinancing.

After several months of creative collaborations, Chanel has just officially announced the acquisition of the historic Parisian shirtmaker Charvet, bringing to an end 188 years of independence for one of the most iconic houses in French heritage.

Within a few days of each other, Chanel inaugurated a new industrial facility—estimated to cost 150 million euros—for perfume manufacturing in France, and launched its magazine Coco, dedicated to beauty culture.

The group, formed through the merger of Dufry and Autogrill, announced on June 23 the acquisition of 100% of the operations of DFS Okinawa, a subsidiary of DFS Group, which is itself majority-owned by LVMH.

On 16 June, on the sidelines of the Reuters NEXT Europe economic summit held in London, Al Cook, CEO of De Beers, indicated that the sale of the diamond company by its parent company, Anglo American, would be finalised within “a few weeks, rather than a few months.”

According to Julius Baer’s 2026 Global Wealth and Lifestyle Report, Singapore retains its position as the world’s most expensive city for high-net-worth individuals for the fourth consecutive year, while the Swiss city of Zurich ranks second, ahead of Monaco, London, and Hong Kong.

Less than a year after the death of its founder, Giorgio Armani, the Italian group has commissioned the Boston Consulting Group (BCG) to develop several strategic segments, notably leather goods and hospitality.

On June 23, the Swiss group Richemont inaugurated the expansion of its leather goods facility in Scandicci, near Florence, through its subsidiary PRF (Pelletteria Richemont Firenze).

Frasers intends to expand its portfolio to become a global player in the luxury sector, but this unsuccessful bid shows just how complex that path can be.

The British group Frasers, already Hugo Boss’s largest shareholder with over 25% of the capital, has just announced its intention to launch a takeover bid for all the shares in the German fashion group. Valued at nearly €2 billion, the deal offers €38 per share, representing a modest premium of 4.3% over the latest share price.

Internal changes are shaking up the Coty Group and appear to be accelerating its ongoing turnaround plan. The American beauty giant, which owns brands such as Gucci Beauty, Chloé, and Rimmel, has just announced a reorganization of its governance to speed up the execution of its plan, dubbed “Coty.Cutated.”

The Italian investment fund Vam Investment, in partnership with Umberto Macchi di Cellere, former CEO of Bulgari Horlogerie, has announced the creation of the Chaumont Group, a new industrial hub based in Neuchâtel.

Albania is facing growing protests over a hotel project led by Jared Kushner, Donald Trump’s son-in-law

Yesterday, June 17, 2026, L’Oréal took a new step forward by unveiling a strategic partnership with OpenAI. More than just a technological collaboration, this alliance illustrates the world’s leading beauty company’s ambition to make artificial intelligence a central driver of its growth.

Chanel has just announced the appointment of Marie-Laure Cérède as Director of the Jewellery Design Studio. From October 2026, she will oversee all Jewellery and High Jewellery creations, reporting to Frédéric Grangié, President of the House’s Watches and Jewellery division.