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LEAVE A COMMENT Your email address will not be published.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*
Qatar to provide Iftar meals to 1mn Gazans
Vodafone holds workshops on online safety at schools
WCM-Q forum explores role of cell signalling in disease
Qatar condemns attack on church in Chechnya
Barwa Bank launches Mastercard weekend offer
UCL Qatar adds new modules to master’s degree in library
CRA issues third version of class licence for short range devices
PHCC, Qatar University Health Clinic sign MoU
TII inks agreement with Goethe