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Qatari royals
Qatari dynasty racks up colossal losses with Valentino and Balmain

LogoSubscribers only By Philippe Vasset
2 min read Lire en français

Mayhoola's luxury concerns have been losing money hand over fist.
Mayhoola's luxury concerns have been losing money hand over fist. © Photomontage by Glitz – Sources: Rhiannon Elliott (Unsplash)

As luxury investments belonging to former emir Hamad bin Khalifa Al Thani are being redistributed to his heirs, the fashion brands controlled by the dynasty are running up staggering losses.

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