By and  on September 10, 2007

NEW YORK — When Valentino marked his 45th anniversary in Rome this summer, there was nary a nod to his men’s wear business during the celebratory weekend. It was all couture. All the time.

There was a similar men’s wear hole during last week’s announcement that the designer and his longtime business partner, Giancarlo Giammetti, would step down from the Rome-based fashion house, now in the hands of private equity firm Permira. (The London-based group acquired a majority stake in Valentino’s parent company, Valentino Fashion Group, from Marzotto in May.) While the company immediately named a replacement for women’s creative director, it said only that the men’s wear team would be strengthened in the future.

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