logo
Report: Kering in Talks with Qatar to Offload Milan Property

Report: Kering in Talks with Qatar to Offload Milan Property

Kering is holding advanced talks with Qatar's royal family to sell a Milan luxury property, Italian newspaper Il Corriere della Sera said.
Kering may sell a majority stake in the company that owns the building it bought in 2024 for €1.3 billion ($1.5 billion), the newspaper reported, without saying where it obtained the information.
Kering declined to comment on the report. Qatar Investment Authority wasn't able to comment immediately. In April, it had been reported to be interested though the sovereign wealth fund denied the reports at the time.
The French luxury company is working to sell properties in New York, Milan and Paris, it said in July as it announced a 15 percent sales plunge in the second quarter.
Kering is beginning a new era with the scheduled arrival in mid-September of Chief Executive Officer Luca de Meo, who previously held the same role at automaker Renault. Francois-Henri Pinault, son of Kering's billionaire founder Francois Pinault, will stay on as chairman after handing over the CEO reins when de Meo arrives.
By Tara Patel and Tommaso Ebhardt
Learn more:
Why Kering Picked a Fashion Outsider to Be Its Next CEO
The Gucci and Saint Laurent owner is splitting its chairman and CEO roles, bringing in Luca de Meo, a turnaround expert who has revived multiple automotive brands, to support the Pinault family.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

"Chopped" chef opens pasta stall in Charlotte's Optimist Hall
"Chopped" chef opens pasta stall in Charlotte's Optimist Hall

Axios

time6 hours ago

  • Axios

"Chopped" chef opens pasta stall in Charlotte's Optimist Hall

A new Italian food stall called ESO Artisanal Pasta will open at Optimist Hall Friday, Aug. 8. Why it matters: Charlotte native AJ Sankofa and his wife, Kristina Gambarian, are bringing their pandemic-born pasta business — and their national TV cooking cred — back to Sankofa's hometown. Context: The couple started ESO as a delivery business during the pandemic. Their handmade pasta and sauces got so popular that they were able to open a storefront in New Jersey in 2021. Sankofa, who grew up in Charlotte, has also appeared on Food Network's "Chopped" and "The Great Food Truck Race." In 2023, they closed their New Jersey storefront to open a fast-casual concept inside Optimist Hall. What they're saying:"Opening a spot where we could serve authentic Italian food has always been the dream," says Gambarian. What to expect: ESO will serve a concise menu of pasta dishes and sides, like fried risotto balls, Italian meatballs and Sicilian fried chicken. All of the cheeses, meats, flour, and even the salt used in their dishes are imported from Italy. The stall also has a Chef's Counter for reservation-only tasting menus. Those are expected to launch in the next six to eight months, says Gambarian. There's also a "fish bowl" window, where passersby and diners alike can watch the kitchen make pastas, desserts and shred huge blocks of cheese. Pastas come in two sizes: small ($9) and large ($15). We tried sample portions of ESO's menu at a media preview ahead of its Friday opening. Here are several of the dishes to expect. An assortment of Italian meats and cheeses The spread won't be on the regular menu, says Sankofa, but will be more of a "secret menu" option. We tried various meats and cheeses, including a 36-month-aged Parmigiano Reggiano, speck (a smoked Italian ham) and taralli, traditional Italian snack crackers. Paccheri Pomodoro The paccheri pasta sauce is called pomodoro classico. It's made with 12 onions, five pounds of tomato, fresh basil, garlic confit and finished with olive oil. Cacio e Pepe with 100 cracks of black pepper It's your classic Cacio e Pepe, made with pecorino, black pepper, pasta water and a little butter for creaminess. Gambarian says 100 cracks of black pepper is added to every batch. Lumache al ragù (Chef AJ's favorite) This hearty pasta dish is filled with various Italian meats, including beef shoulder, pork shoulder, prosciutto and pancetta. A non-alcoholic Aperol spritz Other drink choices include a range of Italian sodas and prosecco. Stop by: Optimist Hall is at 1115 N. Brevard St. Find ESO Artisanal Pasta in the old Collier Candy Co. spot, between Schreiber's on Rye and Zukku Sushi.

Report – Nigeria Star's Agents To Meet With Atalanta To Get Price Tag For Inter Milan
Report – Nigeria Star's Agents To Meet With Atalanta To Get Price Tag For Inter Milan

Yahoo

time7 hours ago

  • Yahoo

Report – Nigeria Star's Agents To Meet With Atalanta To Get Price Tag For Inter Milan

The agents of forward Ademola Lookman are set to meet with Atalanta in order to secure a price tag for Inter Milan. This according to Italian outlet They report that the Nerazzurri are waiting to see whether La Dea's asking price is within reach for them. Atalanta forward Ademola Lookman has spent the past few days trying to force his club's hand on a transfer to Inter Milan. The Nigerian international had responded to Atalanta's rejection of Inter's second offer by scrubbing all traces of his current employers from his social media accounts. Then, yesterday Lookman took things several steps further. The 27-year-old made a public transfer request. And today, Lookman no-showed Atalanta's training session. He is making absolutely crystal clear what he wants. Agents Of Ademola Lookman To Meet With Atalanta To Get Price Tag For Inter BOLOGNA, ITALY – SEPTEMBER 28: Ademola. Lookman of. Atalanta. BC looks on during the Serie A match between Bologna and Atalanta at Stadio. Renato Dall'Ara on September 28, 2024 in Bologna, Italy. (Photo by) Part of the problem with the negotiations between Atalanta and Inter is that the Bergamo club have never given their asking price. They have rejected bids worth €40 million and then €45 million. However, at no point have they given Inter an explicit counteroffer. Therefore, Inter don't really know what kind of bid to make to convince La Dea. The Nerazzurri are waiting for Lookman's representatives to hold a round of talks with Atalanta, though. There, the hope is that the agents will finally secure a clear valuation of Lookman from Atalanta. Inter are ready to increase their offer if they have to, reports However, if Atalanta demand €50 million plus add-ons, then Inter will walk away from their pursuit of the Nigerian, the outlet anticipates.

One of Capitol Hill's Most Celebrated Restaurants Has Abruptly Closed
One of Capitol Hill's Most Celebrated Restaurants Has Abruptly Closed

Eater

time8 hours ago

  • Eater

One of Capitol Hill's Most Celebrated Restaurants Has Abruptly Closed

Capitol Hill's Stateside, where the Vietnamese-French food has been drawing rave reviews since it opened a decade ago, is now permanently closed, owner Eric Johnson announced in a short Instagram post on Monday, August 4. 'Thanks for the memories Seattle!!!' read the announcement in full. This is something of a shock to the Seattle dining world. Stateside has been a critical darling since it opened; it was Seattle Met's Restaurant of the Year in 2015, and the magazine singled out its iced-coffee creamsicles, crispy duck fresh rolls, and chili cumin pork ribs. Stateside was also known for its crispy chicken served with a master stock that Johnson and his team have been using and reusing for literal years. In 2016, Stateside opened a sibling bar next door, called Foreign National, and together the two businesses have become cornerstones of the local scene. 'Almost a decade in, Stateside is still a Seattle go-to,' wrote the New York Times when it put Stateside on its most recent list of the city's best restaurants. Johnson opened Stateside after years of working in high-end kitchens in Paris, New York, and China. In 2016, he told Munchies that 'I start with Vietnamese food as a baseline for my cooking and I take some liberties in Chinese and French directions.' In that interview, he said that Stateside has dealt with skepticism from a couple different directions — from Vietnamese people skeptical that a non-Vietnamese chef knows his way around their cuisine, and from diners conditioned to think that Vietnamese food should be cheap. Judging by the restaurant's success and longevity, there aren't a lot of skeptics left. On Thursday, July 31, Johnson announced that Foreign National would be closing after that night. Stateside is closing with even less notice — there will be no farewell tour, no time for guests to get one last taste of that master stock. Reached by email, Johnson said that the closures were due to the lease being up. Eater Seattle All your essential food and restaurant intel delivered to you Email (required) Sign Up By submitting your email, you agree to our Terms and Privacy Notice . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store