By  on July 12, 2012

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.

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