Qatar increases stake in Tiffany to 11,3 percent

Qatar’s sovereign wealth fund had acquired an additional 3.2 million shares of the American jeweller Tiffany, giving it a total of 14.3 million shares, according to a regulatory filing. That boosts Qatar’s stake in Tiffany to 11.3 percent from 8.7 percent as of Dec. 31. So far this year, Tiffany’s stock has gained 22.2 percent to $70.06. Different entities controlled by Qatar’s Royal family fully own: Valentino, Harrods, Shangri-La Hotel London (The Shard in London), Le Tanneur and important stakes in Porsche, Peninsula Hotel Paris, LVMH.

Tiffany & Co store, Sydney