Valentino Fashion Group
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| Industry | Fashion |
|---|---|
| Founded | 2005 |
| Owner | Mayhoola for Investments |
| Website | valentinofashiongroup |
The Valentino Fashion Group is an Italian consortium of luxury fashion companies currently owned by the Qatari royal family.
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.