In Trends

Mayhoola to sell Anya Hindmarch

Mayhoola invests in Hindmarch relaunch

The Qatari royal family’s investment fund, Mayhoola, has put the British luxury handbag brand Anya Hindmarch up for sale.

SEE ALSO : Anya Hindmarch brings its creativity to Harbour City, Hong Kong

A source close to the firm quoted by ‘This is Money’ said the decision was a mutual one between fashion designer Hindmarch and the Qatari royal family’s fund.

It’s worth recalling that over the years, the fund has grown its stake from 39.9 percent in 2012 –Mayhoola bought a controlling stake in the company for 27 million pounds – to at least 75 percent by mid-2018. It paid 20 million pounds to acquire its latest tranche of shares last September, company documents show, informed ‘The Times’.

Anya Hindmarch, who founded her eponymous label in 1987, is expected to stay on as chief creative officer.

SEE ALSO : Mayhoola invests in Hindmarch relaunch

Private equity firms and rival brands are understood to be interested in buying the fashion company.

(Source: Fashion United )

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