Qatar Holding and an Italian state-controlled investment fund are interested in investing in fashion house Versace, a Milan newspaper said yesterday. The Qatar sovereign fund is “carefully looking at” Versace, the paper, Il Sole 24 Ore, said, citing financial sources.
The paper cited market rumours as saying the fund was flanked by FSI, the Italian strategic investment fund owned by state financing company Cassa Depositi e Prestiti.
In November, Qatar Holding signed a joint venture agreement with FSI to invest in Italian companies in sectors including food, fashion and luxury.
Il Sole said that there were some 10 other expressions of interest for Versace besides that of Qatar and FSI.
Earlier this month Qatar Holding agreed to buy a 40% stake in Milan’s real estate development project Porta Nuova for an undisclosed sum.