Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Ritz hotel and The telegraph owners, brothers who built a £3billion empire are embroiled in a bitter feud amid claims one has been spying on the other with bugs in their landmark hotel

Ritz hotel and The telegraph owners, brothers who built a £3billion empire are embroiled in a bitter feud amid claims one has been spying on the other with bugs in their landmark hotel

Multi-billionaire Barclay twins Sir David and Sir Frederick are embroiled in feud. Brothers - born in Hammersmith - started as 16-year-old painters and decorators. They are now worth some £3 billion and their empire includes The Ritz in London. The heart of the family rift involves the disposal of key assets in their empire
With its elegant panoramic windows and potted palms, the conservatory in London’s iconic Ritz hotel has long been the place to be seen.

But recently it seems it has become a place to be heard.

Not the conversations of guests — perish the thought. But in a bizarre development in the lifelong partnership of The Ritz’s owners, the multi-billionaire Barclay twins, one brother’s family has apparently been bugging the other.

It is surely the most unexpected of all the twists and turns that have shaped the near 70-year collaboration of the knighted businessmen Sir David and Sir Frederick.

Born in Hammersmith to Scottish parents who had eight other children, they started out as 16-year-old painters and decorators. Today with a privately owned empire that encompasses shipping, retail and The Ritz, as well as the Telegraph media group, they are worth some £3 billion.

Since both are well into their ninth decade, it seems no time for the brothers — indeed, twins so identical that people could mistake one for the other — to fall out. But as one family source puts it, ‘it’s a feud’.

And as the High Court heard this week, Sir Frederick, the younger by ten minutes, has been secretly bugged by his twin’s sons and grandson for several months. The bugs — described in court as ‘an elaborate system of covert recordings’ — were allegedly placed in the hotel conservatory, near one of Sir Frederick’s favourite spots where he enjoyed cigars and talking to his only daughter Amanda.

The heart of this gripping family rift involves the disposal of key assets in their empire. The private family company includes Very, the catalogue retailer formerly known as Shop Direct, Yodel the delivery company, the newspapers the Daily Telegraph and Sunday Telegraph and, of course, The Ritz, which they bought 25 years ago for £75 million.

A deal is understood to be on the table in which a Saudi private investment company would buy the historic hotel on the edge of Green Park for £750 million. But family sources tell us that Sir David does not want to sell, even though its profits in 2018 fell from £13 million to £7 million.

Matters are also said to be complicated by Sir Frederick’s divorce from his Japanese-born wife Hiroko, 77.

The words inheritance as well as family trusts have certainly been heard a lot recently in family circles. This is hardly surprising as the twins will reach the age of 86 in October.

For his part, Sir David, who divides his time between a mock Gothic castle on the tiny Channel Island of Brecqhou and Monaco, has never countenanced retirement — describing it to friends as ‘God’s waiting room’.

The reclusive Sir Frederick, on the other hand, has been, as he puts it, ‘mostly retired’ since his late 70s. He is said not to have been directly involved in the business for more than 20 years.

The next generation have, meanwhile, already become deeply embroiled in the network of family companies that extend to offshore bases in Jersey, Bermuda and the British Virgin Islands.

Sir David has four sons and nine grandchildren. The eldest Aidan, 64, — ‘my Aidan’ as Sir David refers to him — has been managing the UK businesses. Then there are Howard, 60, Duncan, 59, and Alistair, 30.

It is Aidan, Howard and Alistair, together with Aidan’s son Andrew, 28, who are the alleged parties to the bugging. They eavesdropped on their uncle, it is said in the family, because they disagreed with the way Sir Frederick was going about holding talks with potential buyers.

And crucially, their side of the family claims, because of his habit of talking to strangers whom he meets in The Ritz, where he spends much of his time when he isn’t in Monaco.

The feud has pitted cousin against cousin as well as brother against brother. As Desmond Browne QC, representing Sir Frederick and his 41-year-old daughter Amanda, told the High Court: ‘We all remember Tolstoy saying “each unhappy family is unhappy in its own way”.’

‘Here, children of Sir Frederick and Sir David have been at odds concerning the family trusts — and cousin, sadly, has been pitched against cousin.’

Indeed feud is hardly strong enough a word to describe the toxic atmosphere that separates the twins once seen as inseparable.

‘They look alike, talk alike but they are as different as chalk and cheese,’ says one family figure. ‘It’s really quite dreadful. Heaven knows how it will all end.’

The family spectacle unfolding in the High Court has all the bitterness and drama of the huge Amazon Prime hit Succession, in which members of a media empire battle over its control.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Vatican hosts first Catholic LGBTQ pilgrimage
Apple Unveils iPhone 17 Series, iPhone Air, Apple Watch 11 and More at 'Awe Dropping' Event
France joins Eurozone’s ‘periphery’ as turmoil deepens, say investors
France Faces New Political Crisis, again, as Prime Minister Bayrou Pushed Out
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
France, at an Impasse, Heads Toward Another Government Collapse
The Country That Got Too Rich? Public Spending Dominates Norway Election
EU Proposes Phasing Out Russian Oil and Gas by End of 2027 to End Energy Dependence
More Than 150,000 Followers for a Fictional Character: The New Influencers Are AI Creations
EU Prepares for War
Trump Threatens Retaliatory Tariffs After EU Imposes €2.95 Billion Fine on Google
Tesla Board Proposes Unprecedented One-Trillion-Dollar Performance Package for Elon Musk
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Big Tech Executives Laud Trump at White House Dinner, Unveil Massive U.S. Investments
Tether Expands into Gold Sector with Profit-Driven Diversification
‘Looks Like a Wig’: Online Users Express Concern Over Kate Middleton
Florida’s Vaccine Revolution: DeSantis Declares War on Mandates
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
"The Situation Has Never Been This Bad": The Fall of PepsiCo
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
The Fashion Designer Who Became an Italian Symbol: Giorgio Armani Has Died at 91
Putin Celebrates ‘Unprecedentedly High’ Ties with China as Gazprom Seals Power of Siberia-2 Deal
China Unveils New Weapons in Grand Military Parade as Xi Hosts Putin and Kim
Rapper Cardi B Cleared of Liability in Los Angeles Civil Assault Trial
Google Avoids Break-Up in U.S. Antitrust Case as Stocks Rise
Couple celebrates 80th wedding anniversary at assisted living facility in Lancaster
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
The White House on LinkedIn Has Changed Their Profile Picture to Donald Trump
"Insulted the Prophet Muhammad": Woman Burned Alive by Angry Mob in Niger State, Nigeria
Trump Responds to Death Rumors – Announces 'Missile City'
Druzhba Pipeline Incident Sparks Geopolitical Tensions
Cost of Opposition Leader Péter Magyar's Economic Plan Revealed
Germany in Turmoil: Ukrainian Teenage Girl Pushed to Death by Illegal Iraqi Migrant
United Krack down on human rights: Graham Linehan Arrested at Heathrow Over Three X Posts, Hospitalised, Released on Bail with Posting Ban
Asian and Middle Eastern Investors Avoid US Markets
Ray Dalio Warns of US Shift to Autocracy
Eurozone Inflation Rises to 2.1% in August
Russia and China Sign New Gas Pipeline Deal
Von der Leyen's Plane Hit by Suspected Russian GPS Interference in an Incident Believed to Be Caused by Russia or by Pro-Peace or by Anti-Corruption European Activists
China's Robotics Industry Fuels Export Surge
Suntory Chairman Resigns After Police Probe
Gold Price Hits New All-Time Record
UK Fintechs Explore Buying US Banks
Greece Suspends 5% of Schools as Birth Rate Drops
Apollo to Launch $5 Billion Sports Investment Vehicle
Bolsonaro Trial Nears Close Amid US-Brazil Tension
European Banks Push for Lower Cross-Border Barriers
Poland's Offshore Wind Sector Attracts Investors
×