Valentino acquires important stakes in suppliers

Italian luxury house of Valentino, owned by Qatar based Mayhoola Investments (also owner of Pal Zileri) has recently acquired 51% leather handbags maker Pelletterie Sant’Agostino, for 20 million euros.

Valentino also purchased a 40% stake in Pescini di Scandicci (estimated turnover of 20 million euros per year), which produces parts for handbags.

Valentino Spring Summer 2014