The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
LONDON, United Kingdom — The Qatar Investment Authority, the Gulf Arab state's acquisitive sovereign wealth fund, is setting up an office in San Francisco to manage its growing portfolio in the United States, the CEO of QIA said in London on Monday.
"Soon we will be opening an office in the Silicon Valley in San Francisco," Sheikh Abdullah Bin Mohammed al-Thani told reporters at an investment conference.
The fund is one of the most active sovereign investors in the world, snapping up stakes in everything from real estate to luxury goods.
Much of its activity has traditionally been in Europe but the fund has said it is looking to diversify into Asia and the United States, announcing last year a plan to spend $20 billion in Asian investments over the next five years.
By Tom Finn and Kylie Maclellan; editor: Estelle Shirbon.
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.