Case Questions: After reading this case about Balmain, what does it tell you about how international fashion and retail has become? What countries are involved in this case? By way of background to the following news release, Qatar has the highest per capita income in the world, according to the World Atlas Factbook. The wealth is based on its petroleum and natural gas industries. It is an Arab country located in the Middle East. Balmain (see Figure 1.1), the Parisian fashion house beloved by Hollywood, the European jet set and the Kardashian clan, has been brought by a private investment group linked to Qatar's royal family and that has sought to build a luxury-brand empire. Balmain, a mostly wholesale business, was sold to Mayhoola for Investments after having attracted bids from several other private equity funds, including L Capital, an investment firm backed by the European luxury conglomerate LVMH Moet Hennessy Louis Vuitton. Mayhoola "will allow the brand to accelerate its development, notably with the opening of new stores abroad," Bucephale Finance, the Paris-based boutique mergers and acquisitions firm that advised Balmain shareholders, said in a statement Tuesday evening. Case Questions: After reading this case about Baimain, what does it tell you about how rigure 1.1 international fashion and retail has become? Qatari Investment Group acquired Parisian fashion house Balmain