Tactical moves, succession challenges, talent pools: discover Glitz, the first investigative publication dedicated to the global luxury sector

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UNITED KINGDOM

[Family Affairs] Mohamed Al-Fayed struggles to shield his heirs from Ritz Paris's debts

Egyptian tycoon Mohamed Al-Fayed. © Studio Pachamama

Over the past two years, Mohamed Al-Fayed has been striving to clear Ritz Paris's debts and leave a stable hotel group for his heirs. [...] (553 words)

Issue dated 29/09/2022 Reading time 3 minutes

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

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.

FRANCE 03/11/2022

Expedia's former number two joins Ritz Paris board

The hotel held by Mohamed Al-Fayed's family on Paris's Place Vendôme is opening up its board to hospitality and merchandising professionals to help plot its recovery.

Manfredi Lefebvre d'Ovidio, principal shareholder of the bespoke travel agency Abercrombie & Kent. © Studio Pachamama

Spotlight

ITALY UNITED KINGDOM 03/11/2022

Luxury travel firm Abercrombie & Kent hangs in the balance amid family row

The brothers Lefebvre d'Ovidio, heirs to the Italian corporate dynasty that founded the Silversea luxury cruise company, are battling it out in the US and Italy for control of the family's estate. The dispute comes in the wake of one brother acquiring Abercrombie & Kent, the British bespoke travel and safari specialist.

LUXEMBOURG 06/10/2022

Who's Next and Don't Believe the Hype promoters investigated by French tax authorities

Xavier Clergerie and Bertrand Foäche have been battling with French tax authorities for several years over their setups in Luxembourg. The organisers of the Who's Next, Première Classe and Don't Believe The Hype trade fairs have failed in their efforts to have the searches carried out by tax authorities at their homes and businesses annulled by the Court of Cassation.

QATAR 06/10/2022

Ritz Paris set to open its first boutique, in Doha, as it expands into franchising

Forced to ramp up its revenue in a bid to repay a debt of nearly €400m, the Paris hotel controlled by Mohamed al-Fayed and his family is preparing to open the first Ritz Paris boutique, in Qatar.

FRANCE 06/10/2022

Odile de Labouchere, the linchpin of Pinault's art and real estate portfolio

While Paris's Bourse de Commerce and Venice's Palazzo Grassi put the finishing touches on their upcoming exhibitions, one individual oversees the smooth transfer of artworks between the foundations, Pinault family residences and the storage sites:

On our other sites

Intelligence Online 08/12/2021

Chase for fallen Ablyazov clan's assets takes Kazakhstan to Courchevel

In a new twist in the Kazakh authorities' hunt for the Ablyazov clan's assets, the legal team at BTA Bank have uncovered a previously unknown offshore property belonging to the family: a chalet in the French ski resort of Courchevel found via the family's accountant in Dubai.

Africa Intelligence 05/05/2021

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Tactical moves, succession challenges, talent pools: discover Glitz, the first investigative publication dedicated to the global luxury sector

Tactical moves, succession challenges, talent pools: discover Glitz, the first investigative publication dedicated to the global luxury sector

[Family Affairs] Mohamed Al-Fayed struggles to shield his heirs from Ritz Paris's debts

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

Expedia's former number two joins Ritz Paris board

Luxury travel firm Abercrombie & Kent hangs in the balance amid family row

Who's Next and Don't Believe the Hype promoters investigated by French tax authorities

Ritz Paris set to open its first boutique, in Doha, as it expands into franchising

Odile de Labouchere, the linchpin of Pinault's art and real estate portfolio

Chase for fallen Ablyazov clan's assets takes Kazakhstan to Courchevel

Russia's presence further widens wedge in Paris-Bangui axis

TAV Airports escapes financial collapse but heads into political turmoil

Alrosa seeks help from US to find millions "embezzled" from Catoca diamonds

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