Bahrain's Investcorp said to be among Versace bidders

  • Share via facebook
  • Tweet this
  • Bookmark and Share

At least seven potential buyers including one from Bahrain, are in the running to bid for a minority holding in Italian fashion house Versace, which plans to sell a 15-20 percent stake to fund growth, sources have told Reuters.

Italy's state-controlled fund FSI, Bahrain's Investcorp, and private equity firms Ardian, Permira, KKR & Co, Clessidra and Blackstone are all considering buying the stake, but a final shortlist has not yet been drawn up, sources said.

Versace chief executive Gian Giacomo Ferraris said in September Versace planned to finalise a shortlist by mid-October.

China's Fosum and South Korea's E-Land, two of the several names that had been circulating in the press, said last month they were not interested while sources with knowledge of the situation told Reuters that Qatar was looking less likely to bid despite holding talks with the group earlier this year.

Related:

Market Performance

Investcorp Bank
501.75
0.0 0.0 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Saudi Arabia builds start-up culture with state oil money

Saudi Arabia builds start-up culture with state oil money

Gov't has previously has found it hard to promote start-ups in...

Why PE's back in vogue in the Middle East

Why PE's back in vogue in the Middle East

Confidence is returning to the Gulf’s private equity market after...

The curious case of David Haigh

The curious case of David Haigh

The story of how the former Leeds United boss went from football...

3
Most Discussed