Anya Hindmarch sells minority stakeTuesday, 07 August 2012
Luxury accessories label Anya Hindmarch has sold a
minority stake to a private Qatari investment group.
The private deal reported to be valued in the region of 20 to 30 million Pounds is Qatari’s latest investment into the UK luxury goods market, the sovereign state already owns Harrods after buying the upmarket department store in 2010 for 1.5 billion Pounds.
Anya Hindmarch, the company founder and designer, will remain as the company’s creative director as well as retaining her position as controlling shareholder.
According to a statement from the brand, the investment marks the "next step in a series of initiatives planned to accelerate the company's growth".
Documents filed at Companies House confirmed the transaction, saying “the investor” is buying 26,487 new shares in the business, diluting the other investors, including Ms Hindmarch. Other existing investors include London-based private equity firm Kelso Place and Matthew Westerman, the Goldman Sachs banker.