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Spotlight | Qatari ruling family
Valentino, Kering and Balmain stakes change hands within Al Thani family

Qatari royal Sheikha al-Mayassa bint Hamad bin Khalifa Al Thani now oversees the family holding company that controls Valentino and Balmain.
Qatari royal Sheikha al-Mayassa bint Hamad bin Khalifa Al Thani now oversees the family holding company that controls Valentino and Balmain. © Photomontage by Glitz – Sources: Patrick BAZ (AFP)

The death of former emir Hamad bin Khalifa Al Thani this summer has reshuffled the dynasty's investments in luxury houses. Following our revelations about the carve-up of the family's luxury hotel portfolio, Glitz details the upheaval underway at the holding company that houses its luxury stakes.

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Houses

LVMH
Mixed results raise questions about upmarket watch strategy

LVMH luxury watch brands have shown mixed performances since they began targeting the high end of the sector.
LVMH luxury watch brands have shown mixed performances since they began targeting the high end of the sector.© Photomontage by Glitz – Sources: www.geraldgenta-heritage.com

Prior to its current attempt to position its Zenith brand at the high end of the market, LVMH ventured into the ultra-luxury watch sector with Gérald Genta and Daniel Roth. Glitz has learned that while one is profitable, the other is racking up losses.

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Puig
Rabanne hires discreet Via Montenapoleone giant to oversee women's footwear

The Milanese firm run by Sabrina and Massimo Bonini has been entrusted to oversee Puig-owned Rabanne's women's footwear line, from design to production.
The Milanese firm run by Sabrina and Massimo Bonini has been entrusted to oversee Puig-owned Rabanne's women's footwear line, from design to production.© Photomontage by Glitz – Sources: Massimo Bonini

Puig has quietly licenced Italian firm Massimo Bonini to handle the footwear line, from design to production. It is the latest sign the Catalan group, buoyed by its perfume sales, is scaling back its less-profitable fashion operations.

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Entourage

Counterfeit
Chanel wins $100,000 judgement over fake Neiman Marcus sites

A US court has ruled in favour of Chanel in its lawsuit against an operator selling counterfeit bags on what appeared to be sites of department store chain Neiman Marcus.
A US court has ruled in favour of Chanel in its lawsuit against an operator selling counterfeit bags on what appeared to be sites of department store chain Neiman Marcus.© Photomontage by Glitz – Sources: Chanel

The French fashion house has secured a judgment against a seller of counterfeit Chanel bags who operated under the name of the US department store. The case is part of a wider offensive against fake online department stores launched after Neiman Marcus owner Saks Global went bankrupt.

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