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Spotlight | Middle East
Luxury crisis provides bonanza for Gulf royals

The Gulf's ruling families are increasingly competing to buy up Western luxury brands.
The Gulf's ruling families are increasingly competing to buy up Western luxury brands. © Studio Pachamama
Competition between the Gulf's ruling families for investment in Western luxury brands has been sharpened by the crisis in the sector. From Abu Dhabi to Manama, via Dubai and Doha, the princes of the Gulf are busy bidding for struggling fashion houses. [...]
Reading time 3 minutes Philippe Vasset

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Spotlight | France, Qatar
The Mayhoola fund and its royal backer fight for success with bottomless budget and trips to court

Actively backed by Sheikha Moza, the Emir of Qatar's mother, the Mayhoola for Investments fund is known for highly aggressive methods at odds with the hushed world of fashion. For four years, Mayhoola has been waging a legal campaign against the Taiwanese businesswoman Shaw-Lan Wang, accusing her of breaking a promise to sell it Lanvin.

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Rachid Mohamed Rachid, chairman of the Qatari fund Mayhoola for Investments, and Sheikha Moza bint Nasser Al-Missned, mother of the current Emir of Qatar.
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