All tag results for 'stefano sassi'

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.

Tags: acquired, m missoni, marzotto family, mayhoola for investments, mcs marlboro, permira funds, purchased, qatar royal family, red and black lux sari, sheikha mozah bint nasser al missned, sold, stefano sassi, valentino fashion group spa

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:

Tags: 852 million, maria grazia chiudi, permira private equality group, pier paolo piccioli, qatar, stefano sassi, valentino