Saudi Arabia, Merak Capital launch $80 million fashion fund
The Fashion Fund will invest across the industry, supporting Saudi labels, as well as beauty brands, e-commerce and technology companies
+ INDIGITAL.TV/Getty Images for Riyadh Fashion Week
Models walk the runway during the 1886 show at Riyadh Fashion Week last year
Riyadh-based Merak Capital has set up an $80 million private equity fund to support the fashion industry in Saudi Arabia, anchored by the kingdom’s Cultural Development Fund.
The Fashion Fund will invest across the industry, supporting Saudi labels,...