23.07.2014 - Qatar-backed retailers in war against fake goods
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 Mot 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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