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Ritz
Beleaguered Al-Fayed family struggled to restructure debt of top Paris hotel

LogoSubscribers only By Philippe Vasset
2 min read Lire en français

Mohamed Al-Fayed’s heirs have put in place a series of legal safeguards to protect the Ritz from ongoing claims.
Mohamed Al-Fayed’s heirs have put in place a series of legal safeguards to protect the Ritz from ongoing claims. © Photomontage by Glitz - Sources: Jed Leicester (via Reuters Connect), Arthur Weidmann (via Wikipedia)

Faced with a myriad of compensation claims from alleged victims of Mohamed Al-Fayed, his heirs nevertheless managed to restructure the debts of the prestigious hotel on Place Vendôme over the summer. But the banks insisted on far more extensive guarantees than they had in the past.

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