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

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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. [...] (683 words)

Issue dated 02/02/2023 Reading time 3 minutes

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Families

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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.

FRANCE QATAR 09/02/2023

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.

CANADA UNITED STATES 09/02/2023

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.

QATAR SAUDI ARABIA 05/01/2023

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.

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

Spotlight

FRANCE 05/01/2023

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.

MIDDLE EAST 10/11/2022

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.

FRANCE 06/10/2022

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.

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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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

The Mayhoola fund and its royal backer fight for success with bottomless budget and trips to court

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Alabbar begins handing over family luxury business to next generation

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

Valentino's North American tax troubles

Sheikha Moza vs Princess Sara: Luxury battle royal between Doha and Riyadh

Lanvin's secret deal with the families that control Hermès

Egyptian luxury magnate Rachid Mohamed Rachid's offshore networks

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

Qatar mega-mall Place Vendome stakes claim on luxury windfall

Set up email notifications for these topics

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