Eva Morletto

On 21 December, Bangkok is set to take a decisive step forward with the inauguration of the Dib Bangkok Museum, a new institution dedicated to promoting Thai and regional contemporary art on the world stage.

On Wednesday, the works council issued a warning that up to 25% of the group’s jobs could be at risk. Following heavy losses in the third quarter, management is considering relocating production and development to countries with lower labor costs.

The Comité Colbert elected Hélène Poulit-Duquesne as its President at its general meeting on 5 December 2025, a unanimous choice by its members. She will succeed Laurent Boillot, current President of Hennessy, in June 2026.

After a successful first show during the last Paris Fashion Week, Matthieu Blazy, Chanel’s new creative director, presented his Métiers d’Art 2026 collection in New York on December 2. With rapper A$AP Rocky announced as its new ambassador a few days earlier, Chanel seems to be capitalizing on its American market.

After losing some of its commercial intensity over the past decade, Avenue Montaigne—the most famous street in Paris’s Golden Triangle—is once again attracting luxury giants.

On Tuesday 16 December, French giant Kering announced the conclusion of a co-investment agreement with French private equity firm Ardian for the building located at 715-717 Fifth Avenue in New York. The transaction will bring in $690 million for the French group.

Expected to reach more than 1.5 trillion dollars by 2024, luxury tourism is changing: the rise of “aspiring luxury travellers” is redefining the codes of high-end travel and transforming the role of agents into storytellers.

Venetian sneaker manufacturer Golden Goose, famous for its high-end, casual style, could be changing hands. Chinese fund HongShan Capital Group (HSG) has reportedly made a €2.5 billion (approximately $2.91 billion) bid to acquire the brand owned by British investment firm Permira, with the aim of completing the transaction before Christmas.

Just in time for the Christmas season, London department store Harrods last week unveiled a space entirely dedicated to pre-owned Rolex watches, a first that now places it among the official retailers of the “Rolex Certified Pre-Owned” program. Each piece has been authenticated and serviced according to Rolex standards and comes with a two-year international warranty.

Francis Belin will be the new managing director of Mytheresa, the luxury fashion e-commerce company based in Munich, Germany.

A new it-bag is causing a sensation on social media. The Lee Radziwill bag from American brand Tory Burch is becoming a hugely successful commercial phenomenon in the world of affordable luxury.

A member of the Franco-Italian group’s board of directors confirmed yesterday, December 9, that Meta—the parent company of Facebook, Instagram, and WhatsApp—holds at least 3% of the capital of the high-end eyewear and frames specialist. At the same time, Google is preparing to launch its own AI-powered glasses.

On 4 December 2025, LVMH’s Wines and Spirits division is faced with a strike call affecting all of its brands – from Hennessy to Veuve Clicquot – launched by the CGT union for the first time.

While Versace will officially join the Prada group on December 2, Armani’s heirs are strengthening the board with former Gucci boss Marco Bizzari, and Valentino is reshuffling its team with Davide Tosi as the new CMO.

The Ermenegildo Zegna Group is looking to the future and embarking on a strategic handover: Gildo Zegna is stepping down from operational management to become executive chairman, while his sons Edoardo and Angelo are being promoted to co-CEOs of the company.