Shell Companies for Strategic Obscurity

“the Berggruen company network. It consists of: – Berggruen Acquisition Holdings S.A.R.L., Director: Ton Trentelman – Berggruen Holdings North America Ltd., Director: Jared Bluestein - BH Stores I N.V., Managed by Intertrust, Curaçao, Dutch Antilles - BH Stores IV B.V., Managing Director: IMS Benelux Holding Coöperatieve U.A. - IMS Benelux Holding Coöperatieve U.A., Director: Ton Trentelman - Karstadt Holding Ltd., Director: Jared Bluestein - Berggruen Holdings Ltd., Director: Jared Bluestein - Nicolas Berggruen Charitable Trust, Managed by Maitland Trustees Ltd. as Trustee. Jared Bluestein is registered as the authorized signatory Executive Board of the Trust.”

“In 1995, Berggruen Holdings North America (BHNA) was registered in the British Virgin Islands as a wholly owned subsidiary of the Medici Investment Corporation. In this offshore zone between Panama, the British Virgin Islands, and the Isle of Man in the Irish Sea, the Berggruen family fortune would repeatedly be shifted through new corporate vehicles over the ensuing years. However, the art sales of Heinz Berggruen left telltale traces.”