Qatar's Royal Family to Buy Stake in Lanvin
Filed under: Apparel
Famed French fashion house Lanvin of Paris is in talks to sell a major stake in the business to Qatar's royal family. Lanvin owner Shaw-Lan Wang, a Taiwanese media magnate, is said to be keen to exploit the brand's burgeoning success under current creative director Alber Elbaz, formerly of Yves Saint Laurent, Vogue UK reports. While nothing is set in stone, the deal is said to be worth many millions. Qatar's ruler, Sheikh Hamad bin Khalifa Al Thani, is ranked at No. 7 on Forbes' list of the world's richest royals with a fortune of $2 billion. Since Sheikh Hamad ramped up the development of Qatar's vast oil and natural gas reserves, the country now has the highest per-capita income in the world.
Kim Kardashian's Baby Looks Just Like ...
Oklahoma man allowed to sue state over native american rain god on license plate
Like Father, Like Son!
Las Vegas Court Officials Accused Of Covering Up Sex Assault [VIDEO]
Living in a Van Was the Best Financial Decision I Ever Made
LOOK: Teen Was 'Shamed' By TSA Officer For This Outfit
Walmart vs. Costco: How Do They Really Compare?
Groomers Lose Dog, Claim Not Responsible
Chris Brown's Girlfriend Sure Knows How To Wear A Bikini
Microsoft E3 2013 Xbox liveblog!
The Story Behind Shapewear: From Girdles to Spanx
WATCH: Up To 15 7-Elevens Raided
Gene Wilder on Today's 'Dirty' Movies and Why 'Charlie and the Chocolate Factory' Is 'an Insult'
Cut the Cost of Car Repairs by Replacing Your Tires -- Savings Experiment
Tamra Barney Gets Married, See Her Dress!
7 Myths of Long-Term Care
Axl Rose Doesn't Look Like This Anymore ...
EPIC FAIL
Woman Sentenced To Die At 16 Is Now Free
Jennifer Aniston's Wedding Postponed?
Kim Kardashian Clearly Misses Her Bikini Body
'Curb Your Enthusiasm' Star Arrested
PHOTOS: Ireland Baldwin Does NOT Look 17
LOOK: Dads And Babies Napping!
5-Year-Old Girl Takes On The Westboro Baptist Church
Steve Irwin's Daughter Victim Of Online Death Hoax
It's A Girl For Kimye!
WATCH: This Will Change Your Mind About Tiny Homes
Palin Makes Eyebrow-Raising Remarks On Obama, Syria
WATCH: Archaeologists Discover 1,200-Year-Old 'Lost City' In Cambodia
Gordon Ramsay Sued For Mistreating His Workers