By  on October 15, 2012

In July, Mayhoola for Investments, an investment vehicle backed by a private investor group from Qatar, 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 $907 million at current exchange.

The agreement was signed between Mayhoola and Red & Black Lux Sarl, a company indirectly controlled by Permira Funds in partnership with the Marzotto family.

Through the acquisition of VFG, Mayhoola acquires 100 percent of Valentino SpA and the M Missoni licensed business. The MCS Marlboro Classics is being carved out from VFG and will remain under the ownership of Red & Black, which will also continue its majority ownership of Hugo Boss.

RELATED STORY: Maria Grazia Chiuri and Pierpaolo Piccioli: Carrying the Torch at Valentino >>

To access this article, click here to subscribe or to log in.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus