Qatari Group to Acquire Valentino for $850 Million – NYTimes.com

Qatari Group to Acquire Valentino for $850 Million – NYTimes.com.

Nader Nazemi-Valentino

From the Valentino Fashion Show Collection Couture Spring/Summer 2012.

These Arab Investment/Private Equity firms are lush with cash. They have a lot of money and this is the best time to go shopping, buying up companies that need cash.

LONDON – The private equity firm Permira agreed on Thursday to sell the luxury fashion companyValentino Fashion Group to Mayhoola for Investments, a Qatari investment group.

The Qatari firm will spend around 700 million euros ($856 million) on the Italian fashion label, according to industry sources who spoke on the condition of anonymity because the negotiations were private. A Permira spokesman declined to comment.
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