Qatar looking less likely to bid for Versace: sources | Reuters

Qatar looking less likely to bid for Versace: sources | Reuters:

"Qatar is looking less likely to bid for the iconic Italian fashion house Versace despite holding talks with the group earlier this year, two sources with direct knowledge of the matter told Reuters.

Versace, a brand worn by pop stars like Madonna and Lady Gaga, is putting a minority stake on the block to raise cash for investments, Donatella Versace said recently.

Several sources have told Reuters the family is prepared to sell 15-20 percent.

"There were bilateral discussions between Qatar Holding and Versace a while back but the fund has put a potential investment into Versace on hold," one of the sources told Reuters."

'via Blog this'