Any doubts that the Middle East is the new angel investor in luxury should be put to rest by today’s announcement from FSI, the Fondo Strategico Italiano or Italy’s strategic investment fund, and Qatar Holdings that they are setting up a JV called “IQ Made in Italy” (oooh, the word play!) to invest up to €2 billion, shared equally, in “in Italian companies operating in some of the sectors of so-called ‘Made in Italy’” – aka “sectors of excellence of Italian economy and key contributors to Italy’s exports.” Ka-ching! Read more