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FINANCIAL NEWS
Qatar Holding may invest in Versace: Report
19 May 2013
(MENAFN) Qatar Holding is said to be eying an investment in Versace, the famous Italian fashion house, reported Reuters citing Italian daily Il Sole 24 Ore.
According to the report, Qatar Holding, the investment vehicle of the rich GCC state, is considering the investment along with FSI, an Italian state-controlled investment fund that inked a joint venture deal in November with the Qatari company to launch investments in Italian firms.
The Italian daily added that owners of Versace had not taken a decision yet to sell a minority stake; although CEO Gian Giacomo Ferraris told Reuters in April that the fashion house may consider opening the company to foreign investors to help finance expansion in overseas markets.
It is worth noting that other companies are also interested in acquiring a stake in Versace besides Qatar and FSI, according to Il Sole 24 Ore.
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