PARIS — Qatar Holding LLC, the global investment fund founded by the Qatar Investment Authority in 2006, has taken a minority stake in Vente-Privée.com, the French flash sale pioneer.
Founder and chief executive officer Jacques-Antoine Granjon “has decided to reinforce his position at the head of Vente-Privée.com and his participation in the company’s capital and to welcome Qatar Holding… as a new shareholder,” the firm stated.
It did not specify the size of the stake that has switched hands. The remainder of the capital of Vente-Privée.com is held by its founding shareholders and by U.S. private equity firm Summit Partners, which invested in the company in 2007.
Qatar Holding has racked up luxury and retail properties in recent years.
The investment firm acquired Harrods for a reported $2.22 billion in 2010 and has stakes in luxury goods giant LVMH Moët Hennessy Louis Vuitton, jeweler Tiffany & Co. and media group Lagardère SCA, among others.