Qatar first came onto the fashion radar with the purchase of Harrods by Qatar Holding, the sovereign wealth fund. The Holding company is slowing increasing its stake in other high quality luxury stocks, including a 1.03 percent share of LVMH Moet Hennessy Louis Vuitton and an 8.7 percent share in Tiffany & Co.
The country's investors are on the industry's radar again as unidentified Qatari investors are in the midst of exclusive talks with the owners of Printemps in Paris. As the wealthiest country per capita, the potential pool of investment income is high and with an appetite to participate in the luxury retail and hospitality sectors we will increasingly be seeing the mark of the nations talent. Mayhoola for Investments has bought Italy's Valentino Fashion Group SpA, and Qatar luxury group has signed a lease on Avenue Montaigne for the opening launch of their luxury label Qela.
Read the WWD article here.