Valentino Fashion Group

The Valentino Fashion Group is an Italian consortium of fashion companies.

History

In 2002 the fashion house Valentino 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 the Takeover Bid made in the second half of 2007, Valentino Fashion Group S.p.A. passed under the control of the private equity fund Permira. 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.[4] On 11 July 2012, Mayhoola for Investments, sustained by a large private group from Qatar, purchased Valentino Spa 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.[5] On July 12, 2012 the private equity firm Permira agreed to sell Valentino Fashion Group to Mayhoola for Investments, a Qatari investment group.[6]

References

  1. ↑ https://books.google.ca/books?id=76p1khskZK4C&pg=PA267
  2. ↑ http://www.nytimes.com/2002/03/28/news/28iht-val_ed3_.html
  3. ↑ http://www.borsaitaliana.it/bitApp/view.bit?lang=it&target=StudiDownloadFree&filename=pdf%2F37624.pdf
  4. ↑ http://www.ft.com/intl/cms/s/2/4a250a38-9d3f-11e3-83c5-00144feab7de.html
  5. ↑ http://www.theguardian.com/fashion/fashion-blog/2012/jul/13/valentino-qatar-buy-out
  6. ↑ "Qatari Group to Acquire Valentino for $850 Million". New York Times. 12 July 2012. Retrieved 12 July 2012.

External links

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