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.Last updated:
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Dragon Mart to open 13,000sqm showroom for building materials
'Cabbies require road familiarisation lessons'
Umm Salal a 'viable option' for industrial, construction ventures
Man sentenced five years in jail for drug trading
Qatar FM pushes Putin over Syria fighting
Consumer confidence, spending looking up
Qatari minister in Ankara meetings
Tamuq graduation ceremony honours 109 new engineers
QU CENG announces winners of ChemE Car Competition