By  on June 9, 2011

PARIS — With ambitions of a global footprint in fashion and hospitality, upstart Qatar Luxury Group (QLG) has acquired a 52.7 percent stake in French accessories brand Le Tanneur, with plans to make a tender offer for the remainder of the company.

QLG said it paid around 15.1 million euros, or $22.1 million at current exchange rates, for the 52.7 percent stake in the French-based leather goods maker.

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