Luxury Headlines – 01/02/2026
Luxury Headlines – 01/02/2026
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LVMH Increases Stake in Loro Piana
LVMH increased its ownership in the Italian brand Loro Piana, currently led by Frédéric Arnault, from 85% to 94%, paying €1 billion for the additional shares. The Loro Piana family will retain the remaining 6% stake to maintain its connection to manufacturing and sourcing. Since LVMH’s initial €2 billion acquisition in 2013, the brand's valuation has risen to approximately €10 billion.
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Galeries Lafayette Finalizes BHV Building Sale to Brookfield
The Galeries Lafayette Group has finalized the sale of the historic BHV building in central Paris. While the official press release did not disclose the buyer, the asset was reportedly acquired by North American fund Brookfield Asset Management for approximately €300 million. This divestment allows the French group to strengthen its finances and reinvest the proceeds in its Galeries Lafayette network.
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Pieter Mulier to Exit Alaïa in Spring 2026
After a 5-year tenure, the first successor to founder Azzedine Alaïa, Pieter Mulier, is stepping down as Creative Director of Alaïa. Appointed in 2021, Mulier revitalized the Richemont-owned label by merging architectural precision with commercial hits like mesh ballerina flats and the Teckel bag. Under his leadership, Alaïa achieved significant sales growth and critical acclaim, including the 2025 CFDA International Designer of the Year award. While his final collection debuts in March 2026, insiders widely expect Mulier to join Versace under the Prada Group. Until a successor is named, Alaïa’s in-house studio will manage creative continuity.
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Aman Debuts in the Mediterranean with Amangati
Aman’s signature hospitality arrives at the sea with the inauguration of Amangati, a 180-meter motor yacht currently accepting reservations for its Spring 2027 Mediterranean debut. Designed with a Japanese-inspired aesthetic, the vessel features 47 suites, each with a private terrace, accommodating only 94 guests to prioritize privacy. The yacht includes a spa, a medical center, and multiple specialized dining venues. Its itineraries focus on smaller ports inaccessible to larger ships, featuring extended stays in the French Riviera and along the Dalmatian Coast. Voyages are strategically timed to coincide with events such as the Cannes Film Festival and the Monaco Grand Prix. Onboard amenities include a marina for water sports, 2 helipads, and 6 tenders to facilitate guest logistics and curated shore excursions.
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Clinique La Prairie Introduces a New Life Reset Program
Clinique La Prairie introduced Life Reset, a new 7-day holistic mental health program at its facilities in Switzerland and China, with a proprietary framework based on 9 hallmarks of mental health. The program utilizes a "4Rs" approach: release, reset, reconnect, and renew to target stress and emotional resilience. Treatments include molecular screening, hypnotherapy, meditation, and technology-driven therapies like vagus nerve stimulation. Designed for high-performance individuals, the intervention includes a 60-day supplement regimen to sustain habits of post-treatment. Starting at approximately $19,200, the program focuses on preventative mental wellness rather than clinical pathologies, aiming to cultivate a long-term longevity mindset.
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