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Abu Dhabi squares off with Qatar in race to buy up luxury brands

Sheikha Moza bint Nasser Al-Missned and Tahnoon bin Zayed Al Nahyan, national security adviser to the emir of Abu Dhabi.© Studio Pachamama

Behind the sale of an ailing French haute couture company, announced last week, lies an investment fund that belongs to the emir of Abu Dhabi's closest adviser. Like its Qatari rival Mayhoola, the new Gulf player is using its unlimited budget to build a portfolio of prestigious European brands.

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Families

Who's Next founders' meandering tax setups on show in French court

French tax authorities have uncovered a Latvian bank account, a company in Belize and fake IDs as they continue to unpick the exotic financial arrangements employed by Who's Next fashion trade fair co-founder Bertrand Foäche.

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Houses

Ritz Paris lures manager of Marrakesh's La Mamounia onto its board

Pierre Jochem, the general manager of La Mamounia, the legendary Moroccan luxury hotel, is to join the board of Place Vendôme's equally iconic Ritz.

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How Chopard is unseating Mouawad, longstanding jeweller of the Saudi royal court

While scandal rages in Brasilia over Chopard jewellery that Saudi Crown Prince Mohammed bin Salman gifted to former president Jair Bolsonaro, the pieces in question show how the Swiss jeweller is earning pride of place with Riyadh's royals, as the Scheufele family slowly supplants its Mouawad archrivals.

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Entourage

French Senate revisits issue of extremely thin models

In 2017, France introduced a law banning dangerously thin models from catwalks that has had little effect since. Former health minister Agnès Buzyn pushed for a reform, but later dropped the issue. Now members of the Senate are picking it back up again.

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Paris 2024 organising committee to opt for Olympic medals made with recycled gold

The Paris Mint is close to winning the Paris 2024 organising committee's tender for manufacturing Olympic medals. Its bid favours using recycled gold, the certification of which is not precisely defined.

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Alexandre Arnault, the man behind Jay-Z's return to the stage

Heading up his family's business empire in New York, Alexandre Arnault, an executive vice president at Tiffany & Co, also plays ambassador to US stars, particularly in the highly sought-after world of rappers.

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