The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
PARIS, France — Eight men charged in one of the world's biggest jewel heists are on trial in Paris, accused of stealing more than 200 luxury watches and more than 600 pieces of jewelry from a Harry Winston boutique in two audacious operations.
Many of the jewels, worth a total of more than 100 million euros, have never been found. Charges against the men in court Tuesday include armed robbery in an organized gang, association with a criminal enterprise and receiving stolen goods.
A security guard for the boutique near the heavily touristed Champs-Elysees avenue is among those on trial, suspected of participating in the heists.
Four men dressed as building painters robbed the store in 2007. In 2008, four men — three wearing wigs and dressed as women — robbed it again.
The designer has always been an arch perfectionist, a quality that has been central to his success but which clashes with the demands on creative directors today, writes Imran Amed.
This week, Prada and Miu Miu reported strong sales as LVMH slowed and Kering retreated sharply. In fashion’s so-called “quiet luxury” moment, consumers may care less about whether products have logos and more about what those logos stand for.
The luxury goods maker is seeking pricing harmonisation across the globe, and adjusts prices in different markets to ensure that the company is”fair to all [its] clients everywhere,” CEO Leena Nair said.
Hermes saw Chinese buyers snap up its luxury products as the Kelly bag maker showed its resilience amid a broader slowdown in demand for the sector.