MILAN — Rachid Mohamed Rachid’s Alsara Investment Group has made a key acquisition in the world of Italian design , and this may just be the beginning.

On Thursday, Iuxury Italian furniture firm Giorgetti Group said it has been acquired by a group of shareholders led by asset management firm Solida Capital and which includes investment firms Alsara Investment Group and Vivium. Both Solida Capital and Vivium are based in Dubai , while Alsara Investment Group is an international private investment company based in Switzerland that was ‎founded by Rachid, an Egyptian entrepreneur. He is also chairman of Valentino and chief executive officer of Valentino ‘s parent company Mayhoola , which also owns Balmain and Pal Zileri.

Rachid’s daughter, managing director Alia Rachi

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