Qatari group prepares to sell majority stake in Le T - leatherbiz: Lea Leatherbiz

News

Qatari group prepares to sell majority stake in Le Tanneur

26/06/2017
Qatari group prepares to sell majority stake in Le Tanneur
French leathergoods group Tolomei has confirmed its intention to become the majority shareholder of Le Tanneur, a leathergoods brand currently owned by the Qatar Luxury Group.

For an investment quoted at €10.8 million, Tolomei is preparing to acquire just over 50% of the capital of Le Tanneur, leaving Qatar Luxury Group with a stake of 42.6%. Tolomei has described the move as a “recapitalisation and growth plan” for Le Tanneur.

Le Tanneur has been making high-end leathergoods in France since 1898. It currently has 50 own-brand boutiques in France and in some overseas locations. It also has a presence in around 80 department stores and in 300 multi-brand leathergoods retailers.

Tolomei is a much newer company, having formed in 2004. It produces and retails leathergoods under its own brands, Renaud Pellegrino and PK-214.



Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.