Versace Group in talks with Qatar Holding

According to Italian media, IMI Bank and Goldman Sachs, mandated advisors for Versace Group, are intensly seeking financing for the development of the Italian luxury house with Qatar Holding reported to be in pole position, followed by FSI – Fondo Strategico Italiano, a branch of Cassa Depositi e Prestiti which was set up by the Italian government to support Italian manufacturing. Versace Group is privately owned and does not report financial data, however, the expansion of fashion & accessories, its core business, has drastically slowed down in the past 10 months.

Versace kids store, Milan