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Spotlight | LVMH
The Emirati fund, the ex-chancellor and the Mayfair ghost hotel

LogoSubscribers only By Noëmie Leclercq
Reading time 5 min
It turns out that ex-chancellor Nadhim Zahawi is behind the fund that now owns the Cheval Blanc site in London.
It turns out that ex-chancellor Nadhim Zahawi is behind the fund that now owns the Cheval Blanc site in London. © Photomontage de Glitz – Google Maps | Foster + Partners | Dan Kitwood (Getty Images via AFP)
It turns out that ex-chancellor Nadhim Zahawi is behind the fund that now owns the Cheval Blanc site in London.
It turns out that ex-chancellor Nadhim Zahawi is behind the fund that now owns the Cheval Blanc site in London. © Photomontage de Glitz – Google Maps | Foster + Partners | Dan Kitwood (Getty Images via AFP)

It was meant to be LVMH's London showpiece: a luxury hotel just a stone's throw from Bond Street. Scheduled to open in 2022, it was quietly scrapped by the fashion giant, and the site was taken over by an enigmatic fund, behind which Glitz has identified a well-known British political figure.

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