VOL. XXXI
NO. 36
13-JUNE-1988
Financial and Banking News
INVESTMENT ACTIVITIES
Investcorp Reveals Big Gucci Stake, but Fails to Win Control
The Bahrain-based Investcorp has revealed itself as the mystery buyer who hasacquired a 47.8% stake of Guccio Gucci SpA of Italy and 43% of Gucci America aswell as minority stakes in Gucci subsidiaries in London, Paris and Hong Kong.Its stake was built up over the past nine months by the New York-basedinvestment bank Morgan Stanley. Press reports quote a total...
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