Qatar-owned Italian Fashion House Valentino Offers 500 Million Euros to Acquire France’s Balmain

Valentino has made an offer to acquire French fashion house Balmain for 500 million euros. Balmain’s heirs has decided to find a new owner after the fashion house’s former chairman and majority owner, Alain Hivelin, passed away in 2014.

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Designer Paul Smith reorganized his fashion empire after worst performing annual profit

Britain fashion icon Sir Paul Smith revamped his company after annual profits plunged 50 percent into the lowest levels since its 40-year existence. This Is Money reported that Smith said his fashion empire needs a "kick up the backside." He said been streamlining the brand's clothing ranges, shut down to stores, and made some managers redundant. The company's pre-tax income went down £9.7million this year ending June, a decrease from last year's £20.7million.

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Former Novartis exec new UrgentRx board member

UrgentRx named Michael Valentino as its new member of the board.

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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.

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