British designer wins Middle East cash boost

Middle East-based firm AGC Equity Partners has invested a seven-figure sum in the fashion label created by British designer Amanda Wakeley, it was reported on Sunday.
Wakeley, whose label was launched in 1990 and is popular with the UK’s Duchess of Cambridge and Jordan’s Queen Rania, will use the funding to develop a global fashion brand, the UK’s Daily Mail newspaper reported.
“We are delighted to be investing in the company at such an exciting point in its evolving history,” the private equity firm’s chief executive Walid Abu-Suud said.
The Qatar Investment Authority also owns Harrods, the luxury London department store, and a one percent stake in LVMH, the French luxury group which owns Louis Vuitton.