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FINANCIAL NEWS
Qatar royals in talks to buy fashion house Valentino: Sky News
09 Jul 2012
(MENAFN) Qatar’s royal family is in talks to buy Italian fashion giant Valentino from London-based private equity firm Permira, British media Sky News reported.
Sky News estimated the deal value at USD851 million, adding that if the deal is successfully sealed, it will be the newest high profile addition to cash-rich Qatar’s collection.
In April, Qatar Investment Authority (QIA), the Gulf state’s sovereign wealth fund, has acquired a 5.2 percent stake in US-based jewelry retailer giant Tiffany.
QIA also owns the luxury London department store Harrods, a 17 percent stake in Volkswagen and a one percent stake in LVMH, the French luxury group which owns Louis Vuitton among other valuable assets in Europe.
The media also said that Permira bought a majority shareholding in the German’s Hugo Boss and 100 percent of the Italian business Valentino Fashion Group in 2007 for about USD3.87 billion.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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