LITTLE KNOWN BUYER: A Qatari investment firm called Mayhoola for Investments will acquire Valentino Fashion Group from a European private equity firm. The Qatari ruling family has used unknown investment arms in the past.
FASHIONABLE: Qatar’s emir, Sheik Hamad bin Khalifa Al Thani, holds near-absolute power in the OPEC member nation, and the most high-profile of his wives, Sheika Mozah bint Nasser al-Missned, is known to appreciate haute couture.
Recommended Stories
LATEST PURCHASE: Natural gas-rich Qatar has been buying up prominent Western luxury brands, though many of those purchases were done using the country’s sovereign wealth fund. Its holdings include London’s Harrods department store, as well as stakes in New York-based jeweler Tiffany & Co. and French luxury conglomerate LVMH Moet Hennessy Louis Vuitton.
