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The French luxury behemoth LVMH will pay 10 million euros ($11.3 million) to settle claims that it hired France''s former domestic intelligence chief to spy on private citizens, in particular on a filmmaker who made a widely popular documentary targeting the group''s CEO.

French luxury behemoth LVMH will pay 10 million euros ($11.3 million) to settle claims that it hired France’s former domestic intelligence chief to spy on private citizens, in particular on a filmmaker who made a widely popular documentary targeting the group’s CEO. A Paris court on Friday validated the settlement offered by prosecutors, ending an […]

The French luxury group LVMH pays 10 million euros to escape criminal prosecution. The court in Paris approved the settlement on Friday. The case is many years old. In 2011, an investigation was launched into the links between former French intelligence chief Bernard Squarcini and the luxury group LVMH. In October 2019, the investigation [] The post French Luxury Group LVMH Pays 10 Million Euros to Escape Prosecution appeared first on FOX News Point .

A Paris judge approved a 10 million euro ($11.27 million) settlement with LVMH on Friday that closes a criminal probe into the luxury group's role in a spying case involving the former top boss of Fra

California''s Top Prosecutor Says ''Smash And Grab'' Robberies Organized On Social Media This holiday season, organized retail crime is an epidemic in liberal-socialist utopias, such as California. Criminals have terrorized San Francisco''s Union Square to Walnut Creek retailers in so-called ''smash and grabs.'' Now the state''s top prosecutor is shedding light on how these criminal gangs orchestrate such thefts. California Atty. Gen. Rob Bonta told the LA Times that groups of people smashing windows or loading up shopping carts with stolen merchandise and running out of the store are mostly foot soldiers of organized crime gangs . He said foot soldiers are directed on social media, text, and other messaging apps of what businesses to hit and guide them to where the most valuable merchandise resides. Smash And Grab at Louis Vuitton in San Francisco''s Union Square Bonta said the stolen merchandise is then sold online for a large profit. "You know, the crime we are seeing is organized crime, and it is going to take an organized strategy to put a stop to it," Bonta said. "These are these folks that have put thought into it, have a strategy, have a plan, focused on certain places at certain times and communicate and work in concert," he added.

Inflation in the United States jumped to a record in almost four decades last month, and Cowen's Oliver Chen says investors should pick retail stocks with pricing power in such an environment. Chen's

Jean Arnault, the youngest son of luxury titan Bernard Arnault, is Louis Vuitton''s marketing and product development director for watches.

The spate of raids has plagued retailers in the US over the past few months, with thieves stealing thousands of dollars of merchandise in minutes.

The products would have been worth over $3 million if they were real, customs officials said.

Suspects in recent crimes at Nordstrom, Best Buy and Louis Vuitton stores often dont know each other, making investigations difficult.

Smash And Grab Thieves Steal Millions In Jewelry From Rolls Royce Dealership Thieves are becoming more brazen as they begin to target luxury shops. The latest incident was a smash and grab robbery at a Rolls Royce dealership in Chicago''s Gold Coast neighborhood, according to CBS Chicago . On Saturday afternoon, two men, one armed with a handgun, raided the exotic car dealership. One thief used a hammer to break the display cases open and fill bags with expensive watches and other jewelry pieces. In about 30 seconds, the men made off with over $2 million worth of jewelry, according to Joe Perillo, the dealership owner, who spoke with CBS Chicago. "A city that I love and everybody loves to come to is going to be a desert if they don''t stop this. We''re going to have people moving out of this city they''re moving out now that want to just be safe," said Perillo. "They''re walking into my business, crashing the windows. And one guy stands with a gun. And we have to have this happen. Enough is enough," he said.

CEO Bernard Arnault's empire expanded as household wealth surged, making him briefly the world's richest man. What lies ahead for the company.

CEO Bernard Arnault's empire expanded as household wealth surged, making him briefly the world's richest man. What lies ahead for the company.

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Being displayed in museums and staying in the streets: that is true glory, Sophie Fontanel wrote on Giorgio Armani. I would argue this quote suits Virgil Abloh as much, if not more a man who grew to become one of the most popular designers on Earth. Virgil Abloh, the artistic director of Louis Vuitton, []