The French police have made arrests in connection with last year’s multimillion-dollar robbery at Harry Winston jewelers and recovered some of the stolen rings, necklaces and watches. The robbers, some dressed as women and wearing wigs, had grabbed $118 million worth of loot Dec. 5 at the store on Avenue Montaigne in Paris.
Saudi Arabian princess Maha Al Sudairi, the wife of Saudi Arabia’s interior minister Naif bin Abdulaziz, is a well-known figure in French luxury boutiques. Spending 140,000 Euros on clothing and a further 30,000 a week on dry cleaning is not a big deal for her. She loves Paris – but the cityâ€™s high-end shop owners [...]
A Pablo Picasso sketchbook worth several million dollars has been stolen from a museum in Paris. There is no sign of a break-in at the Picasso Museum in the Marais area of the city, yet the red notebook containing 33 pencil drawings disappeared on Monday night, police said. The sketchbook has been valued at $9.8 [...]
Paris’ famed HÃ´tel de Crillon – one of the finest of the luxury Paris hotels – has been put up for sale by its American owner – Starwood Capital – for about â‚¬300 million ($420 million). Built in 1758 as a government building after being commissioned by Louis XV, “Le Crillon” is situated near the [...]
Located just a short walk from the Trocadero and opposite the Eiffel Tower, the Radisson Blu Le Metropolitan Hotel is Parisâ€™s newest luxury boutique hotel. Conceived by the famous designer Francois Champsaur, the 48-key boutique hotel features ten suites, five with unrestricted Eiffel Tower views. The signature Eiffel Suite is a 430-square-foot one-bedroom suite located [...]
Shareholders of Pinault Printemps Redoute (PPR), the French multinational holding company specializing in retail shops and luxury brands, were showered with raw eggs thrown by employees of the group protesting during their general assembly in Paris on May 7, 2009. The shareholders voted a dividend equivalent to 418 million euros (560 million US dollars) for [...]