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The expanding affordable luxury brand, AMI Paris, looks set to lose its majority shareholder, China’s HongShan.
The expanding affordable luxury brand, AMI Paris, looks set to lose its majority shareholder, China’s HongShan. © Studio Pachamama

Spotlight | France
Chinese private equity giant HongShan looks to offload its stake in AMI Paris

The Chinese firm has tasked an advisory bank with selling its majority shareholding, acquired in 2021, in the French affordable luxury brand. The move comes at a time of expansion for AMI Paris, though there are few concrete details about how it is actually performing financially.
LogoSubscribers only Houses
The Parikh natural diamond dynasty is increasingly investing in the synthetic stones market.
The Parikh natural diamond dynasty is increasingly investing in the synthetic stones market. © Studio Pachamama

Front Row | Belgium, India
The double-faceted game of the Parikh diamond dynasty

Although the natural diamond giant De Beers recently announced it is discontinuing its Lightbox synthetic jewellery range, several diamond merchants are continuing to invest in the production of artificial stones. They include the Parikh family, who in various guises have a foot in both camps, trading in natural gems while also producing synthetic diamonds.
LogoSubscribers only Families Running story - Russian diamonds
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Families

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Houses

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Serge Weinberg, designated by Kering as an independent director despite his close Pinault empire connections.
Serge Weinberg, designated by Kering as an independent director despite his close Pinault empire connections. © Studio Pachamama

Front Row | France
Kering's 'independent' director Serge Weinberg has longstanding company ties

Despite Kering posting some poor results of late, its management team has proved remarkably resistant to change. At its AGM on 24 April, it extended the term of ex-BNP Paribas boss Baudouin Protis, who has been sitting on its board since 1998. Next year, the term of another Pinault veteran, Serge Weinberg, is due to end. He is designated as an independent director, although his firm manages some of the group's assets and he is a friend of the Pinault family.
LogoSubscribers only 01.05.2025
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