Fashion
French police hunt Louvre jewellery thieves
By
AFP
Published
October 20, 2025
The hunt was on Monday for the band of thieves who stole eight priceless royal pieces of jewellery from the Louvre Museum in the heart of Paris in broad daylight.
Officials said a team of 60 investigators was working on the theory that the raid was planned and executed by an organised crime group.
The heist reignited a row over a lack of security in France’s museums, with Justice Minister Gerald Darmanin admitting Monday to security flaws in protecting the Louvre.
“What is certain is that we have failed, since people were able to park a furniture hoist in the middle of Paris, get people up it in several minutes to grab priceless jewels, and give France a terrible image,” he told France Inter radio.
After several other robberies from French museums in recent months, Interior Minister Laurent Nunez had acknowledged Sunday that securing them was a “major weak spot”.
The thieves arrived between 9:30 and 9:40 am (07:30 and 07:40 GMT) Sunday, shortly after the museum opened to the public at 9:00 am, a source close to the investigation said.
They used a truck with an extendable ladder like those used by movers to get access to the Apollo Gallery, home to the royal collection, and cutting equipment to get in through a window and open the display cases.
A brief clip of the raid, apparently filmed on the phone of a visitor to the museum, was broadcast on French news channels.
The masked thieves stole nine 19th-century items of jewellery, one of which- the crown of the Empress Eugenie- they dropped and damaged as they made their escape.
It is covered in 1,354 diamonds and 56 emeralds, according to the museum’s website.
Eight “priceless” items of jewellery were stolen, the culture ministry said Sunday.
The list they released included an emerald-and-diamond necklace that Napoleon gave his wife Empress Marie-Louise.
Also stolen was a diadem that once belonged to the Empress Eugenie, which is dotted with nearly 2,000 diamonds, and a necklace that once belonged to Marie-Amelie, the last queen of France. It has eight sapphires and 631 diamonds, according to the Louvre’s website.
The whole raid took just seven minutes and is thought to have been carried out by an experienced team, possibly “foreigners”, Nunez said.
The intervention of the museum’s staff forced the thieves to flee, leaving behind some of the equipment used in the raid, the culture ministry said.
The loot would be impossible to sell on in its current state, said Alexandre Giquello, president of the leading auctioneer house Drouot.
It was the first theft from the Louvre since 1998, when a painting by Camille Corot was stolen and never seen again.
Sunday’s raid relaunched a debate over what critics says is poor security at the nation’s museums, far less secure than banks and increasingly targeted by thieves.
Last month, criminals broke into Paris’s Natural History Museum, making off with gold samples worth $700,000.
The same month, thieves stole two dishes and a vase from a museum in the central city of Limoges, the losses estimated at $7.6 million.
Sunday’s robbery sparked angry political reactions.
“How far will the disintegration of the state go?” said far-right National Rally party leader Jordan Bardella on social media, calling the theft “an unbearable humiliation for our country”.
President Emmanuel Macron said on social media that “everything” was being done to catch the perpetrators and recover the stolen treasures.
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Fashion
Valentino Garavani dies aged 93
Published
January 19, 2026
Valentino Garavani, an icon of Italian fashion, founder of his eponymous maison, and widely regarded as one of the greatest designers of all time, died in Rome on January 19, surrounded by his loved ones.
Born in Voghera, Italy on May 11, 1932, he showed remarkable artistic talent from an early age, which led him to study drawing and fashion in Paris, where he worked with couturiers such as Jean Dessès and Guy Laroche.
Upon returning to Italy, he opened his first atelier on Via Condotti in Rome in 1960, supported by his business partner, Giancarlo Giammetti. International success soon followed: his debut show at Florence’s Palazzo Pitti in 1962 marked his breakthrough, establishing him as an undisputed standard-bearer of Italian fashion worldwide. In 1968, the famous “V” logo was introduced, later becoming the emblem of the maison. Equally iconic is his signature red, inspired by a gown he saw at the opera in his youth, which made this shade a defining hallmark of the house.
Valentino Garavani announced his retirement in 2007, at the age of 75, with a final show celebrating his extraordinary career. His legacy is also chronicled in the 2008 documentary directed by Matt Tyrnauer: “Valentino: The Last Emperor.”
Garavani’s lying in state will be held at PM23, Piazza Mignanelli 23 in Rome, on Wednesday and Thursday, January 21 and 22, 2026, from 11:00 to 18:00. The funeral will take place on Friday, January 23, 2026, at 11:00, at the Basilica of Santa Maria degli Angeli e dei Martiri, Piazza della Repubblica 8, Rome.
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Fashion
EU Council prez to convene extraordinary meeting to discuss Greenland
Trump last week announced he would impose a new round of higher tariffs on several EU members starting February 1 as the latter did not support US demand to buy Greenland from Denmark.
EU diplomats have agreed to accelerate efforts to dissuade President Donald Trump from imposing tariffs on European allies, while preparing retaliatory measures.
European Council President Antonio Costa consulted members on the Greenland issue and said he would convene an extraordinary meeting of the Council in the coming days.
The bloc is committed to defend itself against any form of coercion, he said.
“NATO has been telling Denmark, for 20 years, that ‘you have to get the Russian threat away from Greenland’,” he wrote on Truth Social. “Unfortunately, Denmark has been unable to do anything about it. Now it is time, and it will be done!!!”
European Council President Antonio Costa consulted member states on the latest tensions over Greenland and issued a statement saying such tariffs would undermine trans-Atlantic relations and are incompatible with the EU-US trade agreement. He reconfirmed the bloc’s strong commitment to defend it against any form of coercion.
Expressing the bloc’s readiness to continue engaging constructively with the United States on all issues of common interest, he said he would convene an extraordinary meeting of the Council in the coming days.
“Europe will not be blackmailed,” Danish Prime Minister Mette Frederiksen said in a statement.
An option being reportedly considered is a package of tariffs on €93 billion worth of US imports that could automatically take effect on February 6 following the expiry of a six-month pause.
Another involves deploying the Anti-Coercion Instrument (ACI), a never-used tool that could restrict access to public tenders, investments or banking activity and limit trade in services, including digital services, where the United States runs a surplus with the bloc.
After speaking to NATO Secretary General Mark Rutte, French President Emmanuel Macron, British Prime Minister Keir Starmer, German Chancellor Friedrich Merz and Italian Prime Minister Giorgia Meloni, European Commission chief Ursula von der Leyen asserted EU commitment to upholding the sovereignty of Greenland and Denmark and posted on X: “We will always protect our strategic economic and security interests”.
“We will face these challenges to our European solidarity with steadiness and resolve,” she said.
“No intimidation or threat will influence us—whether in Ukraine, in Greenland or elsewhere in the world,” Macron wrote on X. “Tariff threats are unacceptable and have no place in this context. Europeans will respond in a united and coordinated manner if they are confirmed,” he wrote.
“We will not allow ourselves to be blackmailed,” said Swedish Prime Minister Ulf Kristersson.
Fibre2Fashion (DS)
Fashion
Reliance misses third-quarter profit estimates at $2.06 billion for the October-December quarter
By
Reuters
Published
January 19, 2026
On Friday, India’s Reliance Industries posted an 186.45 billion rupees ($2.06 billion) profit for the October-December quarter, missing analysts’ average estimate of 196.44 billion rupees, according to data compiled by LSEG.
Shares of Reliance Industries fell as much as 2.7% in early trade on Monday after the conglomerate announced missing its third-quarter profit estimates, weighed down by slowing earnings growth in its retail segment. Shares of the Mukesh Ambani-led firm were trading at 1,426. 60 rupees, as of 9:41 am, and were among the top five losers on the benchmark Nifty 50 Index
UBS analysts trimmed Oil-to-Chemicals(O2C) and retail estimates slightly but said they still see room for a valuation re-rating, as the company’s earnings before interest and taxes (EBIT) mix increasingly shifts toward structural growth drivers such as digital and retail, reducing dependence on the cyclical oil and gas segment. Festive discounting, investment in hyper-local delivery startups, and a one-off impact from India’s new labour code trimmed core margins at its retail unit to 8% from 8.6% a year earlier.
Retail growth softened primarily because the festive season was brought forward and due to the one-month impact of the consumer products demerger, analysts at Emkay said. Core earnings for the segment grew 1.3% to 69.15 billion rupees, compared with 9.5% growth a year earlier.
Reliance’s oil and gas segment weakened due to lower output and softer price realisations from its ageing KG-D6 fields, leading to an 8.4% revenue decline and a 12.7% drop in core earnings amid higher maintenance costs. Meanwhile, analysts at Systematix forecast a rise of 5%, 12%, and 9% O2C, Retail, and Jio revenue CAGR, respectively, during FY25-FY28, while a 12% decline in their oil and gas businesses.
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