Qataris buy Italian fashion house Valentino
A Qatari group has agreed to buy the prestigious Italian fashion house Valentino from its private equity owner Permira, in a deal that underlines the kingdom's appetite for trophy assets.
The deal values Valentino at about 700 million euros ($857.46 million), people familiar with the situation said.
The acquisition is being made through Mayhoola for Investments SPC, an investment vehicle backed by a major private investor group from Qatar, the parties said on Thursday.
This article is copyrighted by Reuters