MILAN — Valentino is looking East to the oil-rich desert of Qatar to fuel its next phase. Mayhoola for Investments, an investment vehicle backed by a private investor group from the Middle Eastern monarchy, disclosed Thursday it agreed to acquire Valentino Fashion Group SpA.
Terms of the deal were not disclosed, but Milan-based sources peg the price tag at around 700 million euros, or $858 million at current exchange rates.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)