After losing some of its commercial intensity over the past decade, Avenue Montaigne—the most famous street in Paris's Golden Triangle—is once again attracting luxury giants.

Francis Belin will be the new managing director of Mytheresa, the luxury fashion e-commerce company based in Munich, Germany.

The Ermenegildo Zegna Group is looking to the future and embarking on a strategic handover: Gildo Zegna is stepping down from operational management to become executive chairman, while his sons Edoardo and Angelo are being promoted to co-CEOs of the company.

According to Italian daily Il Sole 24 Ore, as reported by Reuters and Bloomberg, EssilorLuxottica is considering buying 5-10% of Giorgio Armani S.p.A., as mentioned in the founder's will. However, the group is not seeking an operational role or a seat on the board, preferring to remain a discreet shareholder.