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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)