Qatar's QIA denies interest in purchasing Kering's Milan building, luxury company seeks investors.

From Yahoo Finance: 2025-04-10 03:29:00

The Qatar Investment Authority denies interest in purchasing Kering’s Milan building on via Montenapoleone. Kering remains silent on the matter. The luxury company seeks investors to refinance real estate acquisitions amid financial strain from declining Gucci sales. Kering acquired the Milan property for 1.3 billion euros in 2023. Kering transferred Paris properties to raise 837 million euros for debt refinancing. The group’s net debt exceeded 10 billion euros in 2024 due to costly acquisitions. Kering shares rose post-Trump’s tariff delay.



Read more at Yahoo Finance: Qatar’s QIA denies reported interest in Kering building in Milan