York Sells Minority Interest to Others, Including Outside Saudi Investors for Undisclosed Price; Kalwani Family Still Controls

DUBAI, UAE ­— York Furnishings, considered an important wholesaler and importer of better furnishing fabrics in the Middle East and North Africa (MENA) region has sold a minority stake to outside investors._x005F_x000D_ _x005F_x000D_ “We would like to officially inform F&FI that we now have strategic equity partners in our business,” says Avinash Kalwani, second generation owner and CEO of York...