Chanel’s Owners: As Discreet As the Fabled Couturier’s Little Black Dress

They typically sit a few rows back from the runway, a balding and bespectacled pair who prefer to stay out of the spotlight. “We’re a very discreet family, we never talk,” Gerard Wertheimer whispered to a reporter before a 2001 fashion show in Paris. He and his brother Alain own Chanel, the luxury empire built […]

What’s Up With Gucci’s Slowing Sales and LVMH’s Momentum?

Sales growth at French luxury group Kering’s Gucci brand has slowed after three years of breakneck growth, as rival LVMH accelerates. The Italian label’s comparable sales rose 12.7% in the second quarter, compared with an analyst forecast of 14.5%. Although Kering’s overall sales gains were roughly in line with expectations, the waning momentum at its […]