By  on March 2, 2010

MILAN — While sources indicate the door appears to be open for the right offer for Valentino, Paolo Colonna, president of Permira Associati SpA, reiterated Monday that the private equity fund is not planning to sell the brand at the moment — although he didn’t elaborate on a possible sale of the group’s stake in Proenza Schouler.

“Valentino has had its ups and downs, but we’ve turned a corner now,” Colonna told WWD, pointing to “great results” achieved with designs by Maria Grazia Chiuri and Pier Paolo Piccioli for the brand, with double-digit growth.

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