According to the Daily Record, Lakshmi Mittal is building a £15 million holiday home next to the Gleneagles luxury hotel-cum-golf course in Perthshire, Scotland.

The Mittal home has wallpaper and soft furnishings by Ralph Lauren and wooden and tiled flooring was supplied by a German firm at £200 a metre.

It includes a top-of-the-range sound system and two kitchens, one for home cooking and an industrial unit to give capacity for functions.

Megha Mittal will buy the luxury fashion house Escada for an undisclosed price, the company said on Thursday and keep CEO Bruno Saelzer onboard.

Escada, an international fashion group for women’s apparel and accessories has 182 own and 225 franchise shops in more than 60 countries.

Earlier, in August the iconic fashion house filed for insolvency after declining sales had a negative impact on the balance sheet of the company.

A mansion in London is set to sell for £117million ($230 mn) – making it the world’s costliest home.

The palatial residence, on a street dubbed Billionaires’ Row, is believed to have been bought by Britain’s richest man, steel tycoon Lakshmi Mittal.

He is believed to be close to exchanging contracts with owner Noam Gottesman, 47, a US-born financier.

The home in Kensington Palace Gardens, West London, Princess Diana’s former street, is being sold furnished and with an art collection.