Valentino: Selling for $842 Million?
Posted Tuesday July 10, 2012 1:42 PM GMT
Things have been going well for Valentino since being sold to the Permira private equity group back in 2007, and now it looks like the Italian label is back on the market.
According to a report, an unnamed buyer is looking to acquire Valentino for upwards of $852 million, with the sale happening as soon as the end of the month.
CEO Stefano Sassi explained, “Valentino has seen increasing interest from a number of potential buyers.”
“The outstanding work and stylistic vision of creative directors Maria Grazia Chiuri and Pier Paolo Piccioli and the constant growth of [the] company’s results have generated great attention towards the brand,” he added.
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