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Over 300 articles

France, Italy, Qatar
How might Kering's new strategic partnership with Mayhoola play out?

Kering clinched a deal to buy into Valentino's capital just before announcing its six-month results in July. But the French luxury group has also formed a strategic partnership with the brand's majority shareholder, Qatar's royal family. The details of that alliance - the first of its kind in the luxury world - are a work in progress. [...]

Published on 31.08.2023 at 05:00 GMT Reading time 3 minutes

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Houses

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Balmain
Creed
Deji Plaza
Fosun
Kering
Lanvin
Mayhoola for Investments
Rachid Mohamed Rachid
Valentino

France
The strategy shift behind Balmain's executive exits

Within the space of a month, Balmain's marketing director and CEO have both left the company. Glitz.paris reveals why.

Free access Houses 28.03.2024

France, Italy
Kering board nominee opened Italian museum to luxury groups

Kering will put forward Giovanna Melandri's name to shareholders next month to replace outgoing board member Emma Watson, whose departure Glitz.paris foretold in January. The former Italian culture minister built bridges between the art and luxury worlds as head of Rome's Maxxi modern art museum.

Subscribers only Houses 21.03.2024

Front Row | Qatar
Sheikha Moza, invisible luxury royalty

The emir of Qatar's mother is more open about her philanthropy work than her role in the fashion and luxury businesses. But Sheikha Moza bint Nasser Al-Missned has been pulling the strings behind every investment Doha's ruling family has made in those sectors over the past decade.

Subscribers only Families 15.02.2024

Sheikha Moza bint Nasser Al-Missned, the Emir of Qatar's mother.

France
With accessories flagging, Balmain banks on other avenues for much-needed growth

To make up for its ongoing financial losses, the fashion house founded by Pierre Balmain and controlled by Mayhoola, one of the Qatari royal family's funds, is venturing into new territories.

Subscribers only Houses 25.01.2024

China, United States
Lanvin shareholders on the hunt for new targets

The Chinese group Fosun, which owns French fashion brand Lanvin, is on a mission to diversify its portfolio.

Subscribers only Entourage 19.10.2023

Spotlight | Saudi Arabia, Switzerland
The secret negotiations paving the way for Richemont's rise in Saudi Arabia

Just as major luxury brands are jostling for a foothold in the coveted Saudi market, Swiss giant Richemont has signed a major agreement in the country. The contract opens the door to the local market, as well as offering an opportunity to tap into the stream of wealthy visitors making Hajj pilgrimages to the kingdom.

Subscribers only Houses 27.04.2023

Swiss group Richemont will open a TimeVallée shop at a strategic location in Saudi Arabia.

Italy
Family office of Sheikha Moza's luxury adviser loses two key associates

The Egyptian financier Rachid Mohamed Rachid manages Mayhoola, the Qatari royal investment fund that owns Valentino and Balmain. He also runs his own luxury-focused family office on the side, Alsara Investment Group, which has just lost two high-calibre associates.

Free access Families 27.04.2023

Spotlight | Qatar, UAE
Abu Dhabi squares off with Qatar in race to buy up luxury brands

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.

Subscribers only Families 20.04.2023

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

UAE
Alabbar begins handing over family luxury business to next generation

Emirati real estate tycoon Mohamed Alabbar gave up the executive chair of his Emaar Properties group in 2020 and has since gradually delegated parts of his empire to his children, particularly his luxury businesses.

Subscribers only Families 16.02.2023

Spotlight | France, Qatar
The Mayhoola fund and its royal backer fight for success with bottomless budget and trips to court

Actively backed by Sheikha Moza, the Emir of Qatar's mother, the Mayhoola for Investments fund is known for highly aggressive methods at odds with the hushed world of fashion. For four years, Mayhoola has been waging a legal campaign against the Taiwanese businesswoman Shaw-Lan Wang, accusing her of breaking a promise to sell it Lanvin.

Subscribers only Families 02.02.2023

Rachid Mohamed Rachid, chairman of the Qatari fund Mayhoola for Investments, and Sheikha Moza bint Nasser Al-Missned, mother of the current Emir of Qatar.

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Balmain
Creed
Deji Plaza
Fosun
Kering
Lanvin
Mayhoola for Investments
Rachid Mohamed Rachid
Valentino

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