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 >>

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