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Valentino To Be Sold For $852 Million!

Filed under: Business BlitzValentino

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Valentino is on the verge of being sold for $852 million to an unknown seller!

The Italian fashion house was purchased in 2007 by the Permira private equity group and then resold in 2011 to co-creative directors Maria Grazia Chiuri and Pier Paolo Piccioli.

The label lost moola in 2009, but it's numbers shot back up by 18% in 2011.

Chief executive officer of Valentino, Stefano Sassi said:

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