Qatar SWF Largest Shareholder in Tiffany

Qatar’s sovereign wealth fund now has a significant stake in a US public luxury company. The Qatar Investment Authority (QIA), who owns Harrods, now owns a 5.2% stake in Tiffany through Qatar Holding. Earlier, the QIA made an investment in LVMH for a 1% stake. Luxury goods are an attractive investment, since many emerging economies are increasing real GDP per capita. In spite of a turbulent global economy, the appetite for luxury sales is holding steady with an influx of consumers from high-growth emerging markets.

The QIA built up its position last year and the 5% threshold was hit on December 30, 2011. This stake makes Qatar Holding the largest shareholder in Tiffany.

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