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Qatar's sovereign-wealth fund purchases a 19.9% stake in Lifestyle International Holdings, the owner of Hong Kong's Sogo department store, for HK$4.78 billion. This strategic investment strengthens Qatar's presence in the retail sector, particularly targeting Chinese shoppers who frequent Lifestyle's department stores. Qatar Investment Authority will nominate a nonexecutive director to Lifestyle's board, further cementing its influence in the company's decision-making processes.
Saturday, 18 October, 2014