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.
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)