Luxury developer Damac Properties has announced its iconic Damac Tower in Beirut has been topped off, just days after the city was named the number one emerging city in the world for real estate investment.
The $300 million premiu
Bahrain-based fund Investcorp is among the leading candidates to buy a major stake in fashion house Versace, which the company wants to offload ahead of its possible stock market listing, sources said.
Besides Investcorp, the othe
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 per cent stake to fund growth, sources said.
Damac Properties, a Dubai-based private developer, has completed the third floor slab cast and work is well underway on the fourth for its ‘Damac Tower’ in Solidiere, Beirut.
The $300 million project is an innovative c
Versace expects to finalise a shortlist for buyers interested in a minority stake in the Italian fashion house by mid-October and decide on a partner by the end of 2013, the chief executive Gian Giacomo Ferraris said.
Bahrain-based fund Investcorp is one of several investors who have expressed interest in buying a stake in Versace, one of Italy's best-known luxury brands, sources close to the situation said.
According to the sources the lis
Qatar is looking less likely to bid for the iconic Italian fashion house Versace despite holding talks with the group earlier this year, two sources with direct knowledge of the matter told Reuters.
Versace, a brand worn by pop st
Versace said it has launched its online flagship store in Italy, the UK, France and Germany, and is set to go live on October 17 in the US, Belgium, the Netherlands, Spain and Austria.
The store www.versace.com features all of the
Damac Properties has awarded its 100.5 billion Lebanese pounds ($67 million) contract to MAN Enterprise for the construction of the first Versace-branded residential development, Damac Tower in Beirut.
The award of the main contract follow