MILAN — Could today be the day for a Valentino-Marzotto wedding?
Monday passed without a widely anticipated announcement that Valentino, currently owned by HdP, is about to come under Marzotto’s ownership. Sources confirmed that a contract is imminent, but there were differing opinions on what’s holding up the marriage.
Another source said money’s not an issue, and that Pietro Marzotto, the company’s former chairman and still a prominent board member, formally met Valentino Garavani and his business partner, Giancarlo Giammetti, in Rome last week for the first time, to define their positions within the company. The source implied that Valentino will continue designing couture, but did not have any details about ready-to-wear. Such issues, along with approval of the deal, should be on the top agenda of Marzotto board members when they meet March 21.