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How Balmain came to deprive boss of its shareholder of jewellery licence

By Léo Durin

Published on 17.07.2025 at 05:00 GMT Reading time 2 min

The private company of Rachid Mohamed Rachid, who runs Mayhoola, the main shareholder in Balmain, has lost its contract to make jewellery for the luxury fashion house.

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France
How Balmain came to deprive boss of its shareholder of jewellery licence

The private company of Rachid Mohamed Rachid, who runs Mayhoola, the main shareholder in Balmain, has lost its contract to make jewellery for the luxury fashion house.

This article may be accessed by subscribers

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Create your free account

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This article is part of this Running Story

Read also

Balmain gambles on new designer with chequered financial track record

Front Row
Gulf luxury goods distributor Sankari battles Balmain and its Qatari shareholder

Qatari royal family keeps Balmain afloat

Arnault family eyes Al Thani apartment opposite Eiffel Tower

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Qatar homes in on Ritz Paris in wake of Al-Fayed abuse scandal

Spotlight
Qatari magnate and synthetic diamond giant vie to take over jeweller Courbet

Spotlight
Luxury crisis provides bonanza for Gulf royals

Family office of Sheikha Moza's luxury adviser loses two key associates

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France How Balmain came to deprive boss of its shareholder of jewellery licence

The private company of Rachid Mohamed Rachid, who runs Mayhoola, the main shareholder in Balmain, has lost its contract to make jewellery for the luxury fashion house.

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

This article is part of this Running Story

Read also

Balmain gambles on new designer with chequered financial track record

Front Row Gulf luxury goods distributor Sankari battles Balmain and its Qatari shareholder

Qatari royal family keeps Balmain afloat

Arnault family eyes Al Thani apartment opposite Eiffel Tower

Spotlight Qatar homes in on Ritz Paris in wake of Al-Fayed abuse scandal

Spotlight Qatari magnate and synthetic diamond giant vie to take over jeweller Courbet

Spotlight Luxury crisis provides bonanza for Gulf royals

Family office of Sheikha Moza's luxury adviser loses two key associates

Headlines

Related topics to this article

Headlines

Related topics to this article

About Glitz

Subscription

Glitz on social media

Indigo Publications' websites

France
How Balmain came to deprive boss of its shareholder of jewellery licence

Front Row
Gulf luxury goods distributor Sankari battles Balmain and its Qatari shareholder

Spotlight
Qatar homes in on Ritz Paris in wake of Al-Fayed abuse scandal

Spotlight
Qatari magnate and synthetic diamond giant vie to take over jeweller Courbet

Spotlight
Luxury crisis provides bonanza for Gulf royals