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Qatar Holding not likely to bid for Versace

Qatar Holding is looking less likely to bid for a minority stake in the iconic Italian fashion house Versace, despite holding talks with the group earlier this year, Reuters has reported, citing two sources with direct knowledge of the matter. "There were bilateral discussions between Qatar Holding and Versace a while back but the fund has put a potential investment into Versace on hold," one of the sources said. A second source with knowledge of the matter confirmed Qatar was one of the players Versace had been in touch with but added that the Gulf investor "had not shown the same degree of activism as other players".