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Sovereign Wealth Funds Briefing - Categorized | Market

Qatar Luxury Group to launch first boutique

Posted on 26 July 2013

Qatar Luxury Group will launch the first boutique for its luxury brand Qela in Doha in late September, selling leather goods, shoes, jewellery and made-to-measure clothing designed with Qatari heritage in mind. It will be followed by a unit in Paris in coming months, a company statement said. An opening in New York is also being considered, a spokeswoman said.
Qatar’s sovereign wealth fund has been one of the world’s most active investors with assets ranging from stakes in German sports car maker Porsche to shares in British bank Barclays. It bought the London department store Harrods in 2010 from Egyptian-born businessman Mohamed Al Fayed in a deal reported to be worth around £1.5bn………………………………………..Full Article: Source


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