Luxury hotels in Paris have taken a beating this year, with the January terrorist attacks scaring off visitors and websites like Airbnb stealing away clients. But has the lure of the "palaces" faded away for good?
France has raised €3.21 million from the auction of nine luxury cars seized in a corruption probe into the wealth of family of Teodoro Obiang Nguema, ruler of Equatorial Guinea, it emerged this week.
The streets of Paris are getting a reputation for being unsafe for tourists and this is a threat to business for the great brand names of French fashion, a top body representing the luxury industry warned on Friday.
France is set to sell off its luxury duplex apartment at a legendary address in Manhattan, New York, in another cost measure announced just two weeks after the Elysée Palace revealed it was to sell its presidential wine collection.
Former French President Nicolas Sarkozy gave more than $41,000 worth of gifts to US President Barack Obama, in 2011 alone. The most expensive item? A $7,750 Hermès golf bag.
A luxury car company based in Paris is pursuing former Senegalese President Abdoulaye Wade for €350,000 in allegedly unpaid bills, its owner said on Monday.
Authorities in Paris are to seize assets belonging to a Saudi princess to help cover the cost of an eye-watering €6 million bill she left behind on a recent, no-expense spared visit to the French capital.
Five-star Paris hotel Le Crillon is auctioning off 3,500 items from its world-famous collection of furnishings as it closes for temporary restoration work.
French holiday group Club Meditérranée posted on Friday a stable net profit of two million euros ($2.6 million) for its 2012 reporting year despite a slowdown in its main market in Europe as it continued to target developing markets including China.
<p><span style="font-family: arial, helvetica, sans-serif; font-size: small;">French luxury brands from Chanel to Vuitton will launch a campaign on Wednesday with several European countries to fight back against the increasingly lucrative and damaging flood of counterfeit goods.</span></p>
<p>Luxury shops in Paris will soon have to switch off their lights at night to save electricity. The French government is introducing new measures to cut energy consumption. </p>
<p>Famed perfumer Jean-Paul Guerlain has been accused of making racist comments and calling France a 'shit country' after being refused entry to the Eurostar, only weeks after he appeared in court on racism charges.</p>
