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PERMIRA looking to sell VALENTINO and PROENZA SCHOULER

Several luxury industry market sources indicate as imminent the sale of Valentino and Proenza Schouler by its owner, British investment fund Permira which has a majority stake in Valentino Fashion Group. The VFG also includes HUGO BOSS, which is the largest business within the group and the only to have had a positive performance in 2009.

In 2009 Permira and the former owners Marzotto family created Red & Black Luxe sarl which has a 100% in Valentino and 70% stake in Hugo Boss.

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