Qatari fund Mayhoola for Investments is said to be looking to sell Anya Hindmarch as the brand struggles to come back to profit. Reportedly, the London-based premium leather goods brand posted a pre-tax loss of £28.2 million (US$36.98 million) in 2017. Significant cost-cutting efforts and a shift from traditional retail to the online sales are said to have resulted in a more stable financial situation.

The Qatari fund, which also owns Valentino, Balmain and menswear label Pal Zileri, is reported to have grown its stake in Anya Hindmarch from 39.9% in 2012 to at least 75% by the middle of 2018. As previously reported by ILM, the brand has received a £10 million (US$13.27 million) investment from the Fund in October 2018 to boost its expansion in international markets.

Source: BoF