Qatar Royal family may buy Valentino Fashion Group
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Mon July 9, 2012 11:08 am

INTERNATIONAL. Qatar’s royal family is close to buying Valentino Fashion Group SpA from Permira Holding Ltd. for 550 million British pounds (US$852 million) with an announcement expected this week, Sky News reported on its website, without saying how it obtained the information.

Qatar’s royal family would make the purchase and not the country’s sovereign wealth fund, Sky reported.

A representative at the office of the Qatari Emir Hamad Bin Khalifa Al Thani declined to comment when Bloomberg contacted him by phone today.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 24, 2016
INTERNATIONAL. 52% of companies don't have the necessary data to enhance insight into mobility plans; More than a third (35%) struggle to secure the right talent for mobility; 72% are not tracking the success of their international assignments.
date:Posted: May 24, 2016
UAE. "The current weakness in some submarkets of Dubai's office market is expected to persist, with further rental declines likely as we move into the summer months."
date:Posted: May 20, 2016
UAE. Approximately one in five respondents in the Middle East explicitly stated that they are willing to act unethically and offer entertainment to win or retain business; 23% of respondents agree that it is common practice to use bribery to win contracts.
dhgate