![People walk past a shop of the Spanish fashion brand Pepe Jeans in Madrid December 2, 2014. The Qatari royal family is leading the race to buy the Spanish fashion brand Pepe People walk past a shop of the Spanish fashion brand Pepe Jeans in Madrid December 2, 2014. The Qatari royal family is leading the race to buy the Spanish fashion brand Pepe](https://c8.alamy.com/comp/2CWEKCB/people-walk-past-a-shop-of-the-spanish-fashion-brand-pepe-jeans-in-madrid-december-2-2014-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-several-sources-close-to-the-auction-process-said-reuterssergio-perez-spain-tags-business-textile-society-logo-2CWEKCB.jpg)
People walk past a shop of the Spanish fashion brand Pepe Jeans in Madrid December 2, 2014. The Qatari royal family is leading the race to buy the Spanish fashion brand Pepe
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![A man walks past a shop of menswear brand Hackett in Madrid December 2, 2014. The Qatari royal family is leading the race to buy the Spanish fashion brand Pepe Jeans as A man walks past a shop of menswear brand Hackett in Madrid December 2, 2014. The Qatari royal family is leading the race to buy the Spanish fashion brand Pepe Jeans as](https://c8.alamy.com/comp/2D0J3XM/a-man-walks-past-a-shop-of-menswear-brand-hackett-in-madrid-december-2-2014-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-several-sources-close-to-the-auction-process-said-the-clothing-retailer-which-is-also-selling-its-menswear-brand-hackett-expects-binding-offers-in-around-three-weeks-one-of-the-sources-said-reuterssergio-perez-spain-tags-business-textile-2D0J3XM.jpg)