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Spotlight
Dorchester, Meurice, Bel-Air: Sultan of Brunei pumps nearly $700m into his luxury hotels

Sultan of Brunei Hassan Bolkiah.© Studio Pachamama

The Dorchester Collection's properties are struggling to recover from the Covid-19 pandemic, as all luxury hotels are, but also affected by the reintroduction of Sharia law by their shareholder Brunei. They are nonetheless benefiting from significant financial support from the Sultanate.

Subscribers only Brunei, France, Italy, United Kingdom Houses

Families

Egyptian luxury magnate Rachid Mohamed Rachid's offshore networks

Egyptian former trade minister Rachid Mohamed Rachid is chairman of the Mayhoola fund, which owns Valentino and Balmain. His family office, Alsara Investment Group, is also a shareholder in several Middle Eastern luxury houses. Managing all his investments via offshore structures guarantees him optimal discretion.

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Chopard's Scheufele family ploughs €19m into Hôtel de Vendôme

The shareholders of the jeweller Chopard - who have since 2014 owned the town house that hosts the boutique on Paris's Place Vendôme - are investing heavily in renovating the hotel that used to occupy the three upper floors.

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Houses

Louis Vuitton's uncomfortable sponsorship of World Cup football in Qatar

Ahead of football's World Cup in Qatar, Louis Vuitton is playing a delicate balancing act - torn between not alienating Qatar and its wealthy customers and fretting over its image by association with a tournament tainted by allegations of forced labour.

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Entourage

Amarante acting as shock troops for Chanel

From fashion show security to repatriating personnel, French company Amarante International is increasingly working with Chanel, in both Ukraine and Africa.

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Money laundering probe suggests Corsica's 'Petit Bar' gang prefers Chanel

Members of Corsica's so-called Petit Bar gang subject to a two-year "money laundering" investigation were not content to limit their purchases to top-name watches, as Glitz.paris revealed in October. The clan also splashed out on luxury accessories, primarily from Chanel boutiques and always in cash.

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