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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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. [...] (360 words)
Published on 27/04/2023 at 05:00 GMT Reading time 2 minutes

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Further reading
Sheikha Moza bint Nasser Al-Missned and Tahnoon bin Zayed Al Nahyan, national security adviser to the emir of Abu Dhabi. © Studio Pachamama
Spotlight
QATAR UNITED ARAB EMIRATES 20/04/2023

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.
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.
Interior designer Alberto Pinto decorated Russian oligarch Viktor Rashnikov's superyacht Ocean Victory. © Studio Pachamama
Spotlight
FRANCE MIDDLE EAST 08/12/2022

The offshore dealings of the Pinto family, interior designers to royalty and oligarchs 

The Pinto agency is perhaps best known for its work designing interiors for five-star hotels and royal palaces. But it also decorates superyachts for its Russian and Middle Eastern clients, a sideline that is billed through a complex network of offshore trusts and private asset managers, some of which are under the scrutiny of investigators in France and Switzerland.
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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