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The Valentino Fashion Group is an Italian consortium of luxury fashion companies currently owned by the Qatari royal family.
| Industry | Fashion |
|---|---|
| Founded | 2005 |
| Owner | Mayhoola for Investments |
| Website | valentinofashiongroup |
In 2002, the Valentino fashion house was purchased by the Marzotto Group,[1] joining a group that included Hugo Boss, and licensed products for Gianfranco Ferre, M Missoni, and MCS Marlboro Classics.[2] In 2005, Marzotto spun off Valentino and its other fashion brands into the Valentino Fashion Group.[3]
As a result of a takeover bid made in the second half of 2007, Valentino Fashion Group S.p.A. passed under the control of Permira, a private equity fund. Until 23 December 2009, there were three business units, which even included Hugo Boss, a company which was relinquished on that date and therefore no longer a part of the consolidated group.[citation needed]
On 11 July 2012, Mayhoola for Investments, sustained by a large private group from Qatar, purchased Valentino and the M Missoni licence, while MCS Marlboro Classics remains the property of Red & Black, a company indirectly owned by the Permira funds in partnership with the Marzotto family.[4][5]
References edit
- ^ Kennedy, Alicia; Stoehrer, Emily Banis; Calderin, Jay (February 2013). Fashion Design, Referenced: A Visual Guide to the History, Language, and ... - Alicia Kennedy, Emily Banis Stoehrer, Jay Calderin - Google Books. ISBN 9781592536771. Retrieved 2018-05-27.
- ^ "Valentino sale reveals sour market for high-end firms : Luxury has gone out of fashion - The New York Times". The New York Times. 2002-03-28. Retrieved 2018-05-27.
- ^ "Microsoft Word - 0900b0da8013f2c1.doc" (PDF) (in Italian). Retrieved 2018-05-27.
- ^ Lauren Cochrane (13 July 2012). "Why the Valentino buyout is the future of fashion | Fashion". The Guardian. Retrieved 2018-05-27.
- ^ "Qatari Group to Acquire Valentino for $850 Million". New York Times. 12 July 2012. Retrieved 12 July 2012.