A Qatari investment fund is looking to buy a stake in the Italian luxury fashion house Gianni Versace SpA, an Italian daily reported Sunday.
Mayhoola for Investments S.P.C., an investment vehicle backed by a major private investor group from Qatar, has recently met with representatives from the Italian government and Italian corporate world to discuss the deal, Italy's daily Il Messaggero said.
The plan would be to become a financial partner in the fashion firm. According to Il Messaggero, Versace is now looking to go public in about three years time.
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