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Al-Fayed family
Ritz owners play down their wealth in Harrods case

LogoSubscribers only By Philippe Vasset
2 min read Lire en français
Heini Wathén-Fayed, widow and principal heir of Mohamed Al-Fayed.
Heini Wathén-Fayed, widow and principal heir of Mohamed Al-Fayed. © Photomontage by Glitz – Sources: Toby Melville (Reuters)

The family that owns the Ritz hotel in Paris has declared only modest assets to a British court as part of legal proceedings with the Harrods department store, which is seeking compensation for victims of Mohamed Al-Fayed's sexual abuse.

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Having been struck down by the courts, Donald Trump's tariffs could come back to haunt Hermès.
Hermès Lawyers line up over Birkin tariff refund LVMH Seeking growth, Moët Hennessy puts retailers under close watch over smuggling fears
Moët Hennessy, a subsidiary of LVMH, has suspended deliveries to a wine merchant, who is fighting back.
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Mike Meimoun, 27-year-old CEO of MM Holding, is at the helm of the new version of Monogram.
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Faced with declining sales in Asia, Louis Vuitton has also had to pay several hundred million euros in one-time tax surcharges.
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