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Spotlight | Butler Industries
Walter Butler plans drag cabaret on Avenue Montaigne to ease financial strains

Neighbouring businesses fear William Butler’s latest cabaret plans will bring down the tone of an exclusive Paris avenue.© Studio Pachamama

With several of his ventures, particularly in Dubai, in trouble or on hold, the French financier is preparing to open a drag cabaret on Avenue Montaigne. But this move by the new owner of the Moma group of restaurants and nightclubs could cause quite the stir in the heart of Parisian luxury, a world obsessively protective of its image.

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Families

Dini family
Lombardy dynasty's luxury hotel investments in Kurdistan backfire

Omnipresent in Milanese politics and business, the Dini family is having to contend with its principal investment, the Paul & Shark yachting clothing brand, being put into administration over its use of exploitative workshops. Meanwhile, its luxury hotel investments in Kurdistan are turning out to be a loss-making venture.

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Houses

LVMH
Ultra-luxury Cipriani, Cheval Blanc and Belmond hotels still without a boss

Since Stéphane Rinderknech's departure at the start of the year, no replacement has been found to head up LVMH's hotel division. Following a failed attempt to recruit from outside the company, the luxury giant is considering giving the role to one of Bernard Arnault's most loyal lieutenants.

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Entourage

Value Retail
New book links luxury outlet giant to money laundering

Bicester Village, one of the most profitable shopping centres in the world, stands accused of facilitating money laundering by Chinese criminal gangs.

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Accor
Sébastien Bazin sells second tranche of Paris Society assets

French hotel giant Accor removed all the nightclubs operated by its subsidiary Paris Society from its balance sheet last year. It has now sold off a score of venues operated by the events firm to, as in the first sell-off, former executives of Paris Society.

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