Qatar Investment Authority agreed to pay about HK$4.78 billion ($616 million) for a stake in a Hong Kong department store operator as the sovereign wealth fund diversifies its global portfolio.
MILAN, Italy — Gianni Versace SpA is in talks to raise about 250 million euros ($333 million) through a stake sale to help finance the fashion house’s expansion, said people with knowledge of the situation.
MILAN, Italy — Qatar Holding and an Italian state-owned investment fund have expressed interest in the luxury fashion house Versace, according to the Italian daily newspaper Il Sole 24 Ore. Qatar Holding, part of the gulf state’s sovereign wealth fund and current owner of London department store Harrods, is said to be “looking carefully” at Versace, along with the Fondo Strategico Italiano, or FSI, the Italian investment fund owned
Harrods’ new owners announce upgrade plans (Telegraph) “Qatar Holding is expected to back an expansion programme into new areas including China. Harrods could become a global franchise as new owner… announces plans to ‘upgrade’ the luxury retailer.” BCBG opens in London (Elle.com) “BCBG Max Azria is the latest U.S. label to open its doors in the UK. Following October’s launch of