Qatar to acquire the Italian house of Valentino
Sky News reported on Sunday that one of Qatar’s investment arms is close to finalising a deal to acquire Italian fashion house VALENTINO, from its current London-based private equity firm Permira. The report said the deal could be worth about £550m ($851m), adding that Permira had declined to comment.
It added that Permira acquired a controlling stake in the publicly-listed German company Hugo Boss and 100 percent of the Italian business Valentino Fashion Group in 2007 for about £2.5bn.
The acquisition might be made directly through Qatar Luxury Group, an entity directly controlled by Qatar’s First Lady, Sheikha Mozah, which already owns French leatherwear house Le Tanneur and interests in couturier Stephane Rolland.