Italian newspaper Il Sole 24 Ore reports that the conglomerate would offer financial support along with private investment fund Fondo Strategico Italiano (FSI), which is owned by state financing company Cassa Depositi e Prestiti. Is it thought that the acquisition is part of a deal between Qatar Holdings and the FSI, which was signed in November 2011, to invest in Italian fashion and food.
Versace chief executive Gian Giacomo Ferraris said in April that, although an IPO was off the cards, the company is keen to "explore ways to be competitive against larger fashion conglomerates", looking at "options which could accelerate the brand's further success".
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