According to Italy’s financial newspaper Il Sole 24 Ore, Mayhoola for Investments, the investment vehicle backed by a private investor group from Qatar which last year bought Valentino, is eyeing the acquisition of a majority stake in Forall, the Vicenza-based company that produces luxury men’s wear label Pal Zileri.

Forall is currently controlled by a group of Italian entrepreneurs, including the Barizza, Bellet, Miola and Ghiringhelli families, along with the Egyptian Arafa Holding, which would aim to sell its 35 percent stake in the company.

Forall declined to comment on the rumor.

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