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Entourage

Spotlight | Rich kids of Tehran
In Paris, Iranian banker builds up property portfolio despite sanctions

Financier Ali Ansari (right) is believed to have amassed a significant real estate portfolio in Paris for the benefit of Mojtaba Khamenei's clan.© Studio Pachamama

Sanctioned by the United Kingdom for his ties to the Iranian regime, financier Ali Ansari, officially a citizen of the island of Saint Kitts and Nevis, has been buying up ultra-luxury real estate in the most exclusive neighbourhoods of European capitals.

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Families

Del Vecchio
EssilorLuxottica heir pushes for Armani takeover

At odds with his siblings since 2022, Leonardo Maria del Vecchio, eldest son of the Luxottica founder and strategic director of EssilorLuxottica, has redoubled his efforts to become the main shareholder of the family holding company and to have free rein to make an offer for Armani.

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Houses

Fendi
Ramon Ros recruits new Europe head from Louis Vuitton

Facing a dismal performance, Fendi is pressing ahead with an overhaul of its senior management. CEO Ramon Ros, previously with Louis Vuitton, has no qualms about picking up talent from his former firm.

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Entourage

The Independents
Stéphane Courbit's purchase of Betak, Karla Otto, Pagès looking less and less likely

The acquisition of financially troubled luxury events group The Independents by the French businessman is facing further complications by the emergence of two new players, the Emirati group IMI and the American fund RedBird.

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Diamonds
How Iran conflict forces gemstone traders to sidestep Dubai

With Iranian attacks causing auction cancellations and grounding shipments of precious stones, players in the international diamond industry are looking for ways to circumvent the business's Emirati nerve centre.

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