Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Harrods owner acquires LVMH stake

Qatar Holdings, the owner of Harrods, has bought a stake in luxury goods group LVMH.

Qatar Holdings now holds a 1.03% stake in the French luxury goods group, which owns brands including Louis Vuitton and Marc Jacob. LVMH chairman Bernard Arnault and his family’s 46.5% stake in the business remains unaffected.

Last month LVMH posted a 16% increase in revenues for the full-year to December 31, 2011. Overall sales rose 16%, from €20.3bn (£17.1bn) in 2010 to €23.7bn (£19.6bn) in 2011.

Sales within its fashion and leather goods division jumped 15% from €7.58bn (£6.29bn) in 2010 to €8.7bn (£7.2bn) in 2011.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.