Qatari buyers snap up designer Valentino
ADAM SCHRECK, July 13, 2012
QATARI investors have outlined plans to acquire the Italian fashion house Valentino, adding to the Gulf state’s growing stable of premium brands.
Valentino is famous for its trademark red hue and several decades’ worth of celebrity customers, ranging from Jacqueline Kennedy to Sarah Jessica Parker.
An investment firm called Mayhoola for Investments will acquire Valentino Fashion Group from Red & Black Lux, which is controlled by European private equity firm….”