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Aga Khan Forms New French Sales Company
In France overnight, "a new European sales group was officially born when Deauville-based auction compagny Agence Francaise disclosed the news of its alliance with Goffs France, as well as its takeover by a trust of investors lead by His Highness The Aga Khan & including art auctioneer Artcurial together with several French breeders," reported thoroughbredinternet.com. The new entity will have turnover in excess of €75 million (A$120m) & was "initiated by the Aga Khan as part of his long-term commitment to support the development of the French racing & breeding industry".