The French Finance Attorney has initiated investigations against Lebanese businessman Najib Mikati. Mikati, who has invested in several prêt-à-porter brands, including Pepe Jeans and Façonnable, is suspected of the fraudulent asset structure, as matching media reports, citing the French financial prosecutor.
Mikati is a co -founder of the investment company M1 Group based in Beirut. Together with his brother Taha, he founded the company. The M1 Group’s fashion division, also known as the AWWG, includes brands such as Pepe Jeans London, Hackett and Façonnable. AWWG also holds the main franchise and representation of Tommy Hilfiger as well as the representation of Calvin Klein, DKNY, Donna Karan and Karl Lagerfeld in Spain and Portugal.
According to several media reports, Mikati, who is also former prime minister of Lebanon, is examined in France, suspected of illegal asset appropriation. The investigation goes back to 2024 when a lawsuit was submitted by the collective of victims of fraudulent and criminal practices in Lebanon (CVPFCL) and the anti -corruption organization Sherpa.
In a statement sent to the AFP news agency, which L’Express published, Mikati and his family decidedly rejected the allegations: “The origin of the Mikati family’s assets is clear, legal and transparent.”
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