Harrods owner Qatar Holding LLC has bought a 1.03 per cent stake in luxury conglomerate LVMH. LVMH chairman Bernard Arnault and his family still holds 46.5 per cent of the company and 62.4 per cent of its voting rights – meaning he still has majority control of corporate policies and decides who sits on its board. All investors are asked to notify LVMH if they make any acquisitions over 1 per cent. – read more via Vogue
