Qatar acquired stake in French leather goods manufacturer for $20 million

Qatar Luxury Group has announced acquiring a majority stake in Le Tanneur & Cie, a France-based manufacturer and distributor of leather goods, for around $20 million.

Le Tanneur & Cie retail network comprises of 26 directly-owned stores in France, Belgium and Luxembourg, as well as 22 affiliated stores. It has around 500 employees and is a listed firm.

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More details follows from Peninsula Qatar