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Families

François Pinault, the patriarch and founder of Kering, flanked by his son François-Henri and his grandson François.
François Pinault, the patriarch and founder of Kering, flanked by his son François-Henri and his grandson François.© Photomontage by Glitz – Sources: Bertrand Guay (AFP)

In Focus | Pinault family
Fall in Kering's share price leaves Pinaults with limited financial options

For years, the Pinaults have financed their family office's debt – which stands at €26bn – by using its Kering shares as collateral. However, the continuing fall in their price is making this strategy less viable.
LogoSubscribers only France 12.11.2026
Al-Fayed’s heirs are continuing their rearguard action against potential compensation claims.
Al-Fayed’s heirs are continuing their rearguard action against potential compensation claims.© Photomontage by Glitz – Sources: Toby Melville (Reuters), Christian Böhmer (Maxppp)

Spotlight | Al-Fayed family
Ritz's offshore payouts put to test in High Court

Mohamed Al-Fayed's heirs spent last week at the High Court in London, fighting to keep control of his estate despite mounting compensation demands from his victims. Drawing on filings and testimony from the marathon trial, Glitz has pieced together the financial arrangements that let the Ritz's owners keep collecting the hotel's profits without risk of seizure.
LogoSubscribers only France, United Kingdom Running Story - The Ritz after Al-Fayed 10.11.2026
Jérôme Lemercier, former lawyer of Éric Freymond, now advises Nicolas Puech on financial matters.
Jérôme Lemercier, former lawyer of Éric Freymond, now advises Nicolas Puech on financial matters.© Photomontage by Glitz – Sources: All Rights reserved

Front Row | Hermès affair
Lawyer for alleged shares scammer Freymond now advises fleeced heir

Jérôme Lemercier, long-time lawyer to Swiss wealth manager Éric Freymond, has switched sides to work for the latter's main alleged victim, Hermès heir Nicolas Puech. He is also a witness in the investigation into his former client's conduct. It is an unprecedented balancing act for the lawyer, who faces several lawsuits in other cases.
LogoSubscribers only France, Switzerland Running Story - Hermès heirs at odds 05.11.2026
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)

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

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.
LogoSubscribers only France, United Kingdom Running Story - The Ritz after Al-Fayed 05.11.2026
Qatari royal Sheikha al-Mayassa bint Hamad bin Khalifa Al Thani now oversees the family holding company that controls Valentino and Balmain.
Qatari royal Sheikha al-Mayassa bint Hamad bin Khalifa Al Thani now oversees the family holding company that controls Valentino and Balmain. © Photomontage by Glitz – Sources: Patrick BAZ (AFP)

Spotlight | Qatari ruling family
Valentino, Kering and Balmain stakes change hands within Al Thani family

The death of former emir Hamad bin Khalifa Al Thani this summer has reshuffled the dynasty's investments in luxury houses. Following our revelations about the carve-up of the family's luxury hotel portfolio, Glitz details the upheaval underway at the holding company that houses its luxury stakes.
LogoSubscribers only France, Qatar Running Story - The Al Thanis & luxury 03.11.2026

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