Qatari investors central to Le Printemps deal
Paris - QNA
French luxury retail group Galeries Lafayette plans to link up with Qatari investors to make a counter offer for rival department store group Le Printemps, its CEO told French daily Le Figaro. Galeries Lafayette chief executive Philippe Houze told Le Figaro he hopes Qatari investors will join Galleries Lafayette and drop their support for Italian businessman Maurizio Borletti. Printemps is 70 percent owned by Deutsche Bank real estate investment unit RREEF and 30 percent by the Borletti Group, headed by Borletti. A source close to the talks told Reuters that RREEF and the Borletti Group were in talks to sell Le Printemps to Qatari investors for up to 2 billion euros ($2.64bn).
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Paris - Emiratesvoice
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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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