WWD.com/accessories-news/fashion-scoops/blue-box-binge-6834157/
government-trade
government-trade

Qatar Adds to Tiffany & Co. Stake

As of Monday, the country’s sovereign wealth fund had acquired an additional 3.2 million shares of the luxe retailer.

BLUE BOX BINGE: The Middle Eastern nation of Qatar continues to stock up on Tiffany & Co. As of Monday, the country’s sovereign wealth fund had acquired an additional 3.2 million shares of the luxe retailer, giving it a total of 14.3 million shares, according to a regulatory filing. That boosts the country’s stake in Tiffany to 11.3 percent from 8.7 percent as of Dec. 31. So far this year, Tiffany’s stock has gained 22.2 percent to $70.06.