Doing Business In Qatar

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News 52

Exclusive: Qatar Has Designs On Valentino

Members of the Qatari royal family are in advanced talks to buy Valentino, the Italian dressmaker to some of the world's biggest celebrities, I can exclusively reveal.

The Emir of Qatar is close to finalising a deal to buy the Valentino fashion label from Permira, a London-based private equity firm, for about £550m, people close to the deal tell me.

They say it could be announced as soon as this week although they cautioned that the discussions could still falter.

If the takeover by Qatar's royal family (rather than by Qatar Holding or the Qatar Investment Authority, its sovereign wealth funds) does take place, the people close to the talks say that it will also acquire the M Missoni brand.

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Source - http://web.orange.co.uk/p/news/home

 

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