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Sovereign Wealth Funds Briefing - Categorized | Market

Qatari investment fund could be interested in Versace

Posted on 22 October 2012

A Qatari investment fund is looking to buy a stake in the Italian luxury fashion house Gianni Versace SpA. 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.
Qatar has used its wealth from oil and natural-gas exports to buy assets all over the world, including London luxury store Harrods and luxury hotels in France. Earlier this year, it emerged that the Qatar Investment Authority had amassed just over a 1% stake in French luxury-goods behemoth LVMH Moet Hennessy Luis Vuitton……………………………………….Full Article: Source


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