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November 4, 2013

One of the most important travel piece commissions for Louis Vuitton second-gen, Georges Vuitton, is to be auctioned off in Paris this week.

One of the most important travel piece commissions for Louis Vuitton second-gen, Georges Vuitton, is to be auctioned off in Paris this week.

The three trunks and tilbury carriage were produced in 1910 for eccentric explorer Blanche de Clermont-Tonnerre, who used it in her travels to India, China, Siberia, Iraq and Persia.

Vuitton was commissioned to produce three trunks, covered in the brand’s then famous red leather, while V Morel produced the carriage.

March 28, 2012

London and New York attract the highest number of wealthy individuals investing in property, but this could change in the future, with fast-emerging cities such as Beijing and Shanghai gaining popularity. 

London and New York attract the highest number of wealthy individuals investing in property, but this could change in the future, with fast-emerging cities such as Beijing and Shanghai gaining popularity.

November 21, 2011

The Bouygues family, which controls the eponymous industrial conglomerate, has upped its voting rights at the family business to more than 25%, as part of its share buyback plan announced in August this year.

The Bouygues family, which controls the eponymous industrial conglomerate, has upped its voting rights at the family business to more than 25%, as part of its share buyback plan announced in August this year.

The Paris-based company, which is one of France’s biggest construction and communications groups, said in a statement that the combined stake directly owned by the business, headed by second-generation Martin and Olivier Bouygues, has risen to 21.08% from the earlier 18%, with 29.8% voting rights.

September 16, 2011

The euro crisis and fears of a double-dip recession in the US and much of Europe have done nothing to upset the sentiment at the top of the global residential property market.

The euro crisis and fears of a double-dip recession in the US and much of Europe have done nothing to upset the sentiment at the top of the global residential property market.

The world’s super rich are still buying luxury properties, or those priced $5 million (€3.62 million) or over, and are mostly paying cash to do so, according to a report released by Christie’s International Real Estate.

March 7, 2011

Family-controlled luxury goods company LVMH announced on 7 March that it will take a controlling stake in fellow family business Bulgari, in a share swap deal which will see the Bulgari family own 3% of LVMH.

Family-controlled luxury goods company LVMH announced on 7 March that it will take a controlling stake in fellow family business Bulgari, in a share swap deal which will see the Bulgari family own 3% of LVMH.

In a statement, Paris-based LVMH said that it will take control of 51% of shares held by the Bulgari family, and in return the Bulgari family will get a 3% stake in LVMH, to make it the second-largest family shareholder in LVMH.

February 18, 2011

Family-controlled luxury goods company, PPR, announced on 17 February that group head Francois-Henri Pinault will take direct control of the luxury business group, amid an announcement of a rise in the company’s profits.

Family-controlled luxury goods company, PPR, announced on 17 February that group head Francois-Henri Pinault will take direct control of the luxury business group, amid an announcement of a rise in the company’s profits.

The Paris-based company said in a statement that the luxury business group, which includes Gucci, Bottega Veneta and YSL, will report directly to Pinault, second-generation head of PPR, and the individual brands will continue to retain autonomy under its respective directors.

February 17, 2011

Family-controlled luxury goods company Hermes has said that it wants fellow family business LVMH to reduce its stake in Hermes to less than 10%, according to a report in Bloomberg.

Family-controlled luxury goods company Hermes has said that it wants fellow family business LVMH to reduce its stake in Hermes to less than 10%, according to a report in Bloomberg.

LVMH currently holds a 20% stake in Hermes, which, according to executive chairman Bertrand Puech, is "not normal". He wants LVMH chief executive Bernard Arnault to reduce his stake by more than half to make available the other shares to the open market.

February 15, 2011

Family-controlled agricultural trader Louis Dreyfus’ plans for a possible merger with rival Olam International has come to an end, raising speculations about the future of the company.

Family-controlled agricultural trader Louis Dreyfus' plans for a possible merger with rival Olam International has come to an end, raising speculations about the future of the company.

Merger plans between Paris-based Louis Dreyfus and Singapore-based Olam, first announced in September 2010, have been reported to have collapsed due to over differing views on how to grow the business. Analysts say that a merger between the two would have created the world's third-largest agricultural trading house, with an estimated market value of between $15 and $18 billion.

February 10, 2011

The year has started on a positive note for family-controlled carmakers, with BMW, Audi and Peugeot Citroen reporting a rise in sales. Helped by surging demand not just in emerging markets, but also the developed world, it has raised hopes that the worst of recession may be running its course for the automobile sector.

The year has started on a positive note for family-controlled carmakers, with BMW, Audi and Peugeot Citroen reporting a rise in sales. Helped by surging demand not just in emerging markets, but also the developed world, it has raised hopes that the worst of recession may be running its course for the automobile sector.

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