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Investcorp buys 30% stake in Turkish menswear retailer Orka

Bahrain-based investment firm, Investcorp has announced its private equity fund has acquired a 30% stake in Turkish menswear retailer, Orka Group, tapping into growth opportunities in the fast-growing country, Reuters has reported. Investcorp, which once owned luxury brands Gucci and Tiffany & Co, did not disclose any financial details of the transaction. The company's 'Gulf Opportunity Fund' signed the deal, Investcorp said.