France's richest man Bernard Arnault ratcheted up a tug-of-war over Paris Match publisher Lagardere on Thursday, revealing he had built up a direct stake in the firm, which is under siege from several other investors.
French luxury goods giant LVMH abandoned its $16 billion takeover of Tiffany, a deal that lost its gloss in the wake of the Covid-19 pandemic, setting the stage for a bitter battle as Tiffany sued to force it through.
Kim Jones has added another impressive title to his CV. Jones has been named Artistic Director of haute couture, ready-to-wear and fur collections for women of Fendi, in a remarkable ascension for the British designer.
French media conglomerate Vivendi and activist fund Amber Capital - the two biggest shareholders in French company Lagardere - said they would go to court over Lagardere's refusal to hold a special shareholders meeting.