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

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

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. [...]

Published on 02.02.2023 at 05:30 GMT Reading time 3 minutes

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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.

Free Houses 31.08.2023

Middle East
Luxury giants go head-to-head with Gulf brands in bid to conquer 'modest fashion' market

To attract clients from the Gulf states, Western luxury brands are calling on headscarf-wearing influencers and launching tailored clothing collections for Ramadan. Meanwhile, local brands, backed by Middle Eastern governments, are trying to fend off that competition in the highly lucrative market.

Free Entourage 22.06.2023

France, Italy
Gucci goes for broke with men's ready-to-wear

As Glitz.paris understands it, the recent revival of interest in Gucci is due in part to men's ready-to-wear, particularly in France.

Subscribers only Houses 25.05.2023

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 Families 27.04.2023

Spotlight | Qatar, United Arab Emirates
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.

Italy, United States
Gucci secures IP rights for its digital goods

To avert the risk of potential rights disputes over the non-fungible tokens (NFTs) associated with its products, Kering brand Gucci is now registering trademarks for all of its items of clothing and accessories in two forms.

Subscribers only Houses 13.04.2023

United Arab Emirates
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

France, Qatar
Sheikha Moza's favourite fund pours millions into Balmain to keep it humming

Since its 2016 purchase of the fashion house founded by Pierre Balmain, the Mayhoola fund, sponsored by the Emir of Qatar's mother, has regularly invested tens of millions of euros in the company. But it remains in the red.

Subscribers only Families 09.02.2023

Canada, United States
Valentino's North American tax troubles

Valentino's US subsidiary has been under audit by the Internal Revenue Service (IRS) for more than a year.

Subscribers only Houses 09.02.2023

Qatar, Saudi Arabia
Sheikha Moza vs Princess Sara: Luxury battle royal between Doha and Riyadh

Overshadowed by the many events organised by Qatar during the football World Cup, Saudi authorities are trying to make up for lost time in the luxury sector, slated to be one of Saudi Arabia's main drivers of development alongside tourism.

Subscribers only Entourage 05.01.2023

Spotlight | France
Lanvin's secret deal with the families that control Hermès

After Lanvin Group's listing on the New York Stock Exchange (NYSE) in December, its new shareholders are poring over the company's affairs, including a confidential agreement reached last year between the fashion house and the three families that control Hermès.

Subscribers only Families 05.01.2023

The Hermès and Lanvin boutiques at 24 and 22 Rue du Faubourg Saint-Honoré, in Paris.

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.

Subscribers only Families 10.11.2022

France
Paris Fashion Week plays host to tarpaulin tug-of-war between luxury giants

Luxury house giants made strategic use of the tarpaulins masking construction work in key Paris fashion week locations, buying them up to serve as advertising billboards that became uninvited guests at their rivals' otherwise perfectly choreographed fashion shows.

Subscribers only Houses 06.10.2022

Spotlight | Middle East
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.

Subscribers only Entourage 29.09.2022

Place Vendôme shopping centre, located in the new district of Lusail, 15 km from Doha.

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