Saudi Princess eyes investment in American luxury brands

August 6th, 2010 - 5:51 pm ICT by ANI  

New York, Aug 06 (ANI): Saudi Princess Maha al-Sudairi visited New York not just for shopping and sightseeing but also with a purpose of investing in American luxury brands.

According to sources, the Saudi royal family has been here for several weeks looking to invest in American luxury brands.

Princess Al-Sudairi retained the services of fashion consultant Malcolm Harris to help them invest in or buy several brands headquartered in New York.

The brands included Tory Burch, Yigal Azrouel, Narcisco Rodriguez, and newcomers Alexander Wang and Phillip Lim.

“The idea is to use fashion to bridge the cultural gap,” The New York Post quoted Harris as saying.

“There are certain companies that would translate nicely,” he added.

Saudi women have a liking for western fashion and prefer wearing them inside their homes. (ANI)

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