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Sold! Valentino Purchased By Qatar Royal Family For Millions!

Filed under: Business BlitzLVMHValentinoLouis VuittonMissoniHugo Boss

qatar-royal-family-acquires-valentino-fashion-group-spa.jpg

It's official!

As expected, Valentino Fashion Group SpA has been acquired by Mayhoola for Investments, which is controlled by the royal family of Qatar, for roughly $858 million.

As with most big business deals, there are several groups involved.

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Valentino To Be Sold For $852 Million!

Filed under: Business BlitzValentino

valentino-to-be-sold-for-852-million.jpgValentino 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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