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Sovereign Wealth Funds Briefing - Categorized | Market

Qatar-backed retailers in war against fake goods

Posted on 23 July 2014

From Harrods to Louis Vuitton, a number of iconic brands owned or part-owned by Qatar have recently come out in force against the increasing spread of fake goods. Qatar Holding bought Harrods, the Knightsbridge London store, in 2010 for a reported £1.5bn ($2.4bn) from Egyptian businessman Mohamed Al Fayed and has spent around £250m upgrading the legendary retailer.
LVMH was formed by the 1987 merger of fashion house Louis Vuitton with champagne and liquor maker Moët Hennessy. Sovereign wealth fund Qatar Holding holds a 1.03 percent interest in the company, which was valued at around €699m last year………………………………………..Full Article: Source


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