Headlines

Hermès heir Nicolas Puech faces a $1.3 billion lawsuit over a disputed $16 billion share deal

By Bloomberg Published April 22, 2025 A high-stakes legal dispute has cast new light on the fortunes behind French luxury brand Hermès. A legal complaint filed in Washington, D.C. accuses 82-year-old Nicolas Puech—an heir to the Hermès dynasty—of failing to transfer shares worth approximately €14 billion ($16 billion) under a private agreement. Hermès International boutique…

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From Valenza to Rome: Bulgari CEO Jean-Christophe Babin maps out global jewelry expansion

Translated by Nazia BIBI KEENOO Published April 22, 2025 Nothing seems to slow down Bulgari’s chief executive, Jean-Christophe Babin, who has just assumed leadership of the Watches division at LVMH. Under his direction, the Roman house inaugurated on April 16 the world’s largest jewelry manufacturing facility in Valenza, located in the Piedmont region of northern…

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Universo MOLA Fashion Week 2025 wraps fourth edition with regional impact and international reach

Translated by Nazia BIBI KEENOO Published April 22, 2025 From April 8 to 11, Bogotá welcomed the fourth edition of Universo Mola Fashion Week, positioning the event as Latin America’s only sustainable fashion week with growing international recognition. Held at EAN University and co-hosted by the Laverde Foundation, the event brought together designers, brands, institutions,…

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Trump meets with US retailers to discuss tariffs

By Reuters Published April 22, 2025 U.S. President Donald Trump met with major retailers, including Walmart, Home Depot, Lowe’s, and Target on Monday to discuss broad-based tariffs likely to raise the cost of everyday goods that they import. Reuters Big U.S. chains, like Walmart and Target, rely heavily on imported goods, and tariffs — including 145% levies on China…

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Mytheresa to finalize YNAP acquisition on April 23, accelerating rollout of the LuxExperience group

German luxury e-commerce platform Mytheresa is set to finalize its acquisition of Yoox Net-a-Porter (YNAP) from Swiss group Richemont on April 23, 2025. The deal marks a key milestone in the development of LuxExperience B.V.—a global luxury e-commerce group that was announced earlier this year to unite Mytheresa, Net-a-Porter, Mr Porter, Yoox, and The Outnet…

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