Qatar said to bid for Saks Fifth Avenue - Retail - ArabianBusiness.com

Qatar said to bid for Saks Fifth Avenue - Retail - ArabianBusiness.com:

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Qatar is believed to be the Middle East sovereign wealth fund among the bidders hoping to buy US luxury department store chain Saks Fifth Avenue, according to reports in the US media.
The unnamed fund, which the New York Post newspaper said was most likely to be Qatar, is part of three investors which are aiming to gain ownership of the popular chain.
The report said the Qataris were interested in buying rival chain Neiman Marcus earlier this year but the deal fell through."

'via Blog this'