Hermès shares worth €14 billion (US$16.2 billion) inherited by Nicolas Puech, an heir to the Birkin bag maker's fortune, cannot be recovered, said the firm's chairman, as the whereabouts of the ...

The enigma surrounding Hermès shares worth about €14 billion ($16.2 billion) inherited by a member of the luxury goods company’s controlling family is finally seeing some glimmers of light.

Hermès International SCA said it believes that Puech no longer possesses any shares in the luxury fashion house and hasn't ...

It’s all change as a raft of fashion creative directors move to different Houses, but the pressure has never been more ...

In 2025, the world's wealthiest are dominated by American tech giants, with Elon Musk leading at $408.5 billion. These ...

The luxury French conglomerate’s top boss has said that the agreement on a 15% levy is good “in the current context” ...

The world's top 10 billionaires, predominantly from the US, dominate industries like technology, e-commerce, and luxury goods ...

European wine and spirits look set to face a 15% tariff on entry to the US from next month, EU officials and diplomats have ...

The comments add a new twist to protracted legal battles over the shares’ whereabouts, which were further complicated by the ...

Bernard Arnault’s company owns some of the world’s best known luxury brands, and it made him, at one time, the richest person ...

The slowdown in China also shifts the landscape in meaningful ways. That market was driving over 18 percent growth annually from 2019 to 2023, so with Chinese consumers pulling back, luxury brands are ...