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Over 300 articles

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. [...]

Published on 27.04.2023 at 05:00 GMT Reading time 2 minutes

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France
The strategy shift behind Balmain's executive exits

Within the space of a month, Balmain's marketing director and CEO have both left the company. Glitz.paris reveals why.

Free access Houses 28.03.2024

Front Row | Qatar
Sheikha Moza, invisible luxury royalty

The emir of Qatar's mother is more open about her philanthropy work than her role in the fashion and luxury businesses. But Sheikha Moza bint Nasser Al-Missned has been pulling the strings behind every investment Doha's ruling family has made in those sectors over the past decade.

Subscribers only Families 15.02.2024

Sheikha Moza bint Nasser Al-Missned, the Emir of Qatar's mother.

France
With accessories flagging, Balmain banks on other avenues for much-needed growth

To make up for its ongoing financial losses, the fashion house founded by Pierre Balmain and controlled by Mayhoola, one of the Qatari royal family's funds, is venturing into new territories.

Subscribers only Houses 25.01.2024

France
Luxury freight heists: How Paris cargo hijackers operate

Thefts of luxury cargo near Paris's Charles de Gaulle Airport - like the 16 September hold-up of a lorry laden with Balmain pieces bound for Paris Fashion Week - is an enduring problem that French police are struggling to curb.

Free access Entourage 21.09.2023

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 access Houses 31.08.2023

Russia, United States
De Beers sold Russian diamonds in US despite sanctions after Ukraine invasion

De Beers claims to source its diamonds only from Africa and Canada, but last year it sold stones of Russian origin in the United States. The firm also bought diamonds in 2022 from the Russian firm Alrosa via an Israeli company.

Subscribers only Houses 25.05.2023

France, Qatar
Former Qatari PM selects Ritz Paris architect for Left Bank luxury hotel project

Construction on a luxury hotel is set to begin soon on Paris's Ilot Saint-Germain, a former government building in the 7th arrondissement acquired by Hamad bin Jassim bin Jaber Al Thani's firm Constellation in 2019.

Subscribers only Families 25.05.2023

Spotlight | Qatar, UAE
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.

Saudi Arabia, Switzerland
How Chopard is unseating Mouawad, longstanding jeweller of the Saudi royal court

While scandal rages in Brasilia over Chopard jewellery that Saudi Crown Prince Mohammed bin Salman gifted to former president Jair Bolsonaro, the pieces in question show how the Swiss jeweller is earning pride of place with Riyadh's royals, as the Scheufele family slowly supplants its Mouawad archrivals.

Subscribers only Houses 20.04.2023

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

Spotlight | France, Qatar
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.

Subscribers only Families 02.02.2023

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.

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, Middle East
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.

Subscribers only Families 08.12.2022

Interior designer Alberto Pinto decorated Russian oligarch Viktor Rashnikov's superyacht Ocean Victory.

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

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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