Qatar’s Mayhoola to buy 31% stake in Turkey’s Boyner Retail
Doha – Qatar-based investment fund Mayhoola for Investments is buying a 30.7 percent stake in Turkish retailer Boyner Retail and Textile Investmentsfor 885 million Turkish liras($332million).
Mayhoola investsglobally in the luxury and retail sectors. Itacquired in 2012 the Italian fashion giant Valentino.
It has also invested in other international brands such as Pal Zileri and Anya Hindmarch.
“Mayhoola is keen to enter the Turkish luxury fashion and retail sector and Boyner Group represents the optimal avenue to achieve this objective.
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Source News: Qatar Tribune