Springtime for Qatar in Paris?
A Qatari investment group has bought the Printemps Department store in Paris. The landmark property is the most recent acquisition for the petroleum rich kingdom who already owns some well-known hotels in Paris, among them the Royal Monceau.
Besides the Printemps store on Boulevard Haussmann in Paris, the department store owns 16 stores throughout France.
The French media has been increasingly critical of Qatar, an Arab Gulf Kingdom which has shown a high political and business profile in Europe.
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