Kering Negotiates Milan Property Sale with Qatari Royal
Deal News | Aug 04, 2025 | Zawya
Gucci-owner Kering is reportedly in talks with a member of the Qatari royal family for the sale of a building on Milan's Via Montenapoleone, according to Corriere della Sera. The sale of the property, previously acquired from Blackstone for 1.3 billion euros, is aimed at reducing Kering's considerable debt, which has grown to over 10 billion euros following several expensive acquisitions. The potential buyer is linked to former Qatari Prime Minister Hamad bin Jassim bin Jaber Al-Thani. Though Kering declined to comment on the matter, the company is under pressure to address its financial obligations and reinvigorate sales, especially within its Gucci brand. The Qatar Investment Authority previously denied any interest in the deal.
Sectors
- Luxury Goods
- Real Estate
- Financial Services
Geography
- France – Kering is a French luxury group.
- Italy – The property in question is located in Milan, Italy.
- Qatar – The potential buyer is linked to the Qatari royal family.
Industry
- Luxury Goods – The article centers on Kering, a major player in the luxury goods market, particularly known for its brand Gucci.
- Real Estate – The discussion about selling a high-value property in Milan highlights the involvement of real estate transactions.
- Financial Services – The article involves aspects of financial restructuring and debt management strategies.
Financials
- 1.3 billion euros – The price at which Kering bought the Milan property from Blackstone.
- 10 billion euros – The debt Kering is aiming to reduce through this potential sale.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kering | Seller | Company | French luxury group that owns Gucci and other brands, engaged in talks to sell a property. |
| Hamad bin Jassim bin Jaber Al-Thani | Potential Buyer | Person | Former Qatari Prime Minister and real estate billionaire, involved in talks to purchase the Milan property. |
| Blackstone | Previous Seller | Company | Sold the Milan property to Kering in April of the previous year. |
| Qatar Investment Authority | Potential Investor | Company | Previously associated with potential interest in the Milan property, denied involvement. |