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News 61

Qatari investor group snaps up stake in luxury handbag firm

London-based handbag and accessories company, Anya Hindmarch, has sold a minority stake to a Qatari investor group.

The deal values the business at £70m ($109m) on the back of a capital increase and the purchase of an existing minority stake held by UK private equity investors, Anya Hindmarch said.

"The arrival of the new minority investor is the next step in a series of initiatives planned to accelerate the company's growth strategy," the firm said in an emailed statement. It did not confirm the name of the investor group,

The deal will significantly increase the Gulf state's assets in the European luxury goods market. Qatar Holding paid $2.3bn for the Knightsbridge department store Harrods in 2010 and also owns assets ranging from stakes in German sports car maker Porsche to shares in British bank Barclays.

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