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Luxury goods were among the first sectors to be affected by sanctions against Russia.

Houses
How luxury navigates the war in Ukraine

Since Russia invaded Ukraine in February 2022, economic sanctions have been mounting up against the Kremlin. While the luxury sector was one of the first to be affected, with brands forced to shutter their shops in Russia in the weeks following the outbreak of war, some companies are seeking ways around the sanctions.

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Former Qatari Prime Minister Hamad bin Jassem Jabr al-Thani and Irish developer Patrick McKillen are at loggerheads.

Entourage
From the Martinez to Claridge's, hostilities rage between five-star hotel mogul Paddy McKillen and Qatar

Former Qatari prime minister Hamad bin Jassim bin Jaber Al Thani has been at loggerheads with his one-time business partner, the Irish developer Patrick McKillen, since 2022 over a globe-spanning constellation of five-star hotels, including the Maybourne Riviera in France, Claridge's and The Connaught in London, and the Maybourne Beverly Hills in California.

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The Bulgari family has been torn apart by a row between two fourth-generation sisters.

Families
The battle of the Bulgari heiresses

The Bulgari family, founders of the namesake jewellery company, has been torn apart by a bitter row between two fourth-generation sisters over control of two trusts totalling $130m. The sisters' animosity has rattled their entire clan, which could eventually have an impact on LVMH, where the Bulgaris are the second-largest family shareholders.

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Hermès retains the battle scars from the aborted LVMH raid of the early 2010s.

Houses
Hermès heirs at odds

The target of an aborted raid by LVMH in the early 2010s, Hermès still bears the battle scars of that operation. Wealth manager Éric Freymond, who played an instrumental role in the luxury giant's takeover bid, still holds shares in the leather goods brand and remains close to several of founder Émile Hermès's heirs.

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Bernard Arnault's group is keeping tabs on a series of historic houses, biding their time.

Houses
Bernard Arnault's shopping list

Since its creation in the late 1980s, LVMH has grown continuously by buying up existing, often longstanding brands. Although there have been no new acquisitions since Tiffany & Co in 2021, Bernard Arnault's luxury giant keeps a close eye on a number of historic fashion houses, biding its time.

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Karl Lagerfeld.

Families
The secrets of Karl Lagerfeld's estate

Nearly four years after Karl Lagerfeld's death, the question of who will inherit his estate and how much is at stake remains unresolved. It's a subject shrouded in secrecy, much like the designer himself, but Glitz.

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The Qatari ruling family has become a major player in luxury.

Families
Qatar's royal family: luxury's silent investor

Through Luxembourg trusts, Qatar's royal family has become a major player in the luxury sector. From fashion heavyweight Valentino to five-star hotel chain Maybourne, the Al Thani dynasty has bought up one prestigious brand after the other, but the family goes to great lengths to ensure it is never identified as the ultimate beneficiary.

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