Women’s Wear Daily
04.18.2014
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fashion-scoops

Qatar Boosts Stake in Tiffany & Co.

The country’s sovereign wealth fund acquired an additional 1.1 million shares of the luxe jeweler in the final two weeks of 2012.

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QATAR BOOSTS TIFFANY STAKE: Qatar continued to cozy up with Tiffany & Co. late last year, according to a regulatory filing. The Qatar Investment Authority, the country’s sovereign wealth fund, acquired an additional 1.1 million shares of the luxe jeweler in the final two weeks of 2012, boosting its total stake to 11.1 million shares, or 8.7 percent of those outstanding. Shares of Tiffany gained 0.3 percent to $63.10 Monday, valuing Qatar’s stake at nearly $700 million.

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