Pepe Jeans: Reuters The Qatari royal family is leading the race to buy the Spanish fashion brand Pepe Jeans as buyout funds struggle to match the sellers price expectation of at least 700 million euros 555 million pounds , several sources close to the auction process said, according to Euro News. Mayhoola for Investments SPC , an investment vehicle with close ties to Sheikha Mozah, the second wife of the former emir, is the financial vehicle that the Qatari royal family is using to place its offer. In 2012 Mayhoola purchased the iconic Italian fashion house Valentino from Permira for about 700 million euros and By Pamela Barbaglia and David French The clothing retailer, which is also selling its menswear brand Hackett, expects binding offers in around three weeks, one of the sources said.
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Tagged under Spanish fashion brand, Qatari royal family topics.