FINANCIAL NEWS

First boutique for Qatar Luxury Group to launch soon

27 Jul 2013

(MENAFN) The first boutique for Qatar Luxury Group featuring its Qela brand will launch before next October, The Peninsula Qatar reported.

The boutique will offer leather goods and clothing as well as shoes and jewellery

Last year, Qatar Luxury Group bought 85.7 percent stake in Le Tanneur et Cie, a leather goods company in Paris. In 2010, it bought the Britain-based department store Harrods for almost USD2 billion. Also, it acquired a stake of 1.03 in LVMH.

Qatar Luxury Group is owned by Qatar Foundation.

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