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.
To continue reading this article please click
Source - http://www.arabianbusiness.com/