Bernard Arnault, CEO of luxury conglomerate LVMH and France’s richest person, has been ordered by the Paris Administrative Court of Appeal to pay nearly €22.5 million in back taxes. The ruling requires Arnault and his wife to pay €12.96 million in additional tax assessments related to 2010, Continue Reading
Swiss flavours and fragrances giant Givaudan has signed an agreement to acquire a majority stake in Spanish fragrance company Eurofragance, marking a strategic move to strengthen its presence in the global fine fragrances market. The companies announced the deal on Friday, though financial terms of the transaction were not disclosed. The acquisition is expected to […]Continue Reading
German sportswear giant Puma reported a difficult end to 2025, posting revenue of €7.3 billion—down more than 13% year on year—while operating profit swung sharply to a €357 million loss from a €549 million profit in 2024. Over two years, the company has shed €1.3 billion in revenue, reflecting currency pressures, weak consumer demand, and […]Continue Reading












