- Huw Hughes
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British luxury handbag brand Anya Hindmarch has reportedly been sold off
to the Marandi family.
According to The Telegraph, the Marandi Family, which is led by
Iranian-born entrepreneur Javad Marandi, is buying a majority stake from
Doha-based Mayhoola For Investments.
Mayhoola for Investments first acquired a stake in Anya Hindmarch in
2012, before raising its ownership to at least 75 percent last year. Anya
Hindmarch will remain on the board and as creative director, according to
The Telegraph.
Earlier in March, Mayhoola put the British luxury handbag brand up for
sale following widening losses. In October, the brand reported a 10 percent
decline in its turnover to 37.2 million pounds (48.4 million dollars) for
the year to December 31, 2017, while pretax losses more than doubled to
28.2 million pounds (36.7 million dollars) against the previous year.
Photo credit: Anya Hindmarch, Facebook
