Investment
L Capital, the investment vehicle of LVMH and Groupe Arnault, has acquired a 10% stake in Chinese fashion company Trendy International Group in a deal reportedly worth $200 million ($152 million).
The UK is proving popular with global millionaires, with new figures showing there has been a six-fold increase in the number of wealthy individuals getting investor visas in Britain.
Extending the deadline to disclose assets held in Liechtenstein is an “important development” for British ultra-high net worth families, but it will be “dangerous to wait” to come clean about tax arrears.
Single family offices in the US and Europe were largely well prepared to ride out the financial crisis of 2008 and the subsequent difficult market environment, making very few strategic changes to their asset allocation.
Wealthy people are failing to make their financial advisers fully aware of their goals, leaving them at risk of incomplete or ineffective advice, new research shows.
Wealthy Europeans are still flocking to Switzerland, despite difficulties accessing the country’s property market and the strength of the Swiss franc, according to Alpine Homes.
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