MILAN, July 18 (Reuters) - Qatar's sovereign wealth fund Meyhoola and Gucci owner Kering are discussing the sale of the Italian fashion house Valentino, which they jointly own, an Italian newspaper reported on Friday.

Corriere della Sera added that the decision is part of a broader review Kering is conducting of its assets, as the luxury goods group faces mounting debt, a global slowdown in luxury demand, and pressure on the stock market.

The French conglomerate acquired a 30 percent stake in Valentino in 2023 for $1.7 billion, with a commitment to purchase the remaining 70 percent by 2028, hoping to create a second, established haute couture brand.

The newspaper reported that Kering declined to comment, while Mehoola did not respond to a request for comment.

Valentino said last month that its CEO, Jacopo Venturini, was on sick leave.

The Rome-based fashion house reported a 2 percent drop in revenue at constant exchange rates last year, to €1.31 billion ($1.52 billion).

(USD = 0.8607 EUR)

(Prepared by Amira Zahran for the Arabic edition - Edited by Marwa Gharib)