21 Apr 2012
(MENAFN) Qatar Investment Authority (QIA) continued with its aggressive buyouts drive in the west as it added a 5.2 percent stake in US-based jeweler Tiffany to its portfolio of valuable assets, Financial Times reported.
Qatar’s sovereign wealth fund owns London’s luxury London department store Harrods, and a 17 percent stake in Volkswagen and a one percent stake in LVMH, the French luxury group which owns Louis Vuitton.
The stake makes the QIA Tiffany’s largest shareholder, with investment fund Vanguard the next largest, with 5.17 percent the newspaper added.
Qatar’s investment firms have been on a buying spree in France in recent months, including the purchase of football team Paris Saint-Germain.
Qatari funds have also bought 10 percent of French media company Lagardere and 5.6 percent of construction giant Vinci.
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
26 Jan 2026
BBK Enhances Autumn Fair 2026 Experience with Customized Rewards and Premium Services
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more