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

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MIDDLE EAST

Egyptian luxury magnate Rachid Mohamed Rachid's offshore networks

Egyptian former trade minister Rachid Mohamed Rachid is chairman of the Mayhoola fund, which owns Valentino and Balmain. His family office, Alsara Investment Group, is also a shareholder in several Middle Eastern luxury houses. Managing all his investments via offshore structures guarantees him optimal discretion. [...] (526 words)
Issue dated 10/11/2022 Reading time 3 minutes

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Naomi Campbell appears in the investigations into tax evasion by Helin International. © Studio Pachamama
Spotlight
ITALY UNITED KINGDOM 09/03/2023

Naomi Campbell struts the catwalks anew while her offshore accounts draw attention  Free

Tax evasion investigations into asset manager Helin International continue to have repercussions in the luxury world. Not only did Helin manage the wealth of Pinto, the interior design agency favoured by royals and oligarchs, it also ran offshore accounts for supermodel Naomi Campbell and her former partner Flavio Briatore.
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. © Studio Pachamama
Spotlight
FRANCE QATAR 02/02/2023

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.
Place Vendôme shopping centre, located in the new district of Lusail, 15 km from Doha. © Studio Pachamama
Spotlight
MIDDLE EAST 29/09/2022

Qatar mega-mall Place Vendome stakes claim on luxury windfall 

Qatar is intent on recouping some of the funds its nationals spend in the boutiques of Paris, London and Geneva. With some of the world's most avid luxury consumers, the emirate is growing its own investment in the sector, sharpening its efforts before football's World Cup kicks off there in November.
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