Valentino sold Qatari names Bashny.Net

confirmed the information about the sale of the fashion house Valentino. The new owner was the investment company Mayhoola, controlled by the Qatari royal family. For the legendary Italian brand Arab company posted 858 million dollars. Valentino fashion house was founded in 1959 by designer Valentino Garavani and Giancarlo Giametti entrepreneur. Partners have owned the house until 1998 when they sold it for 300 million euros. The head of the fashion house, Stefano Sassi said he hoped that the new investor will allow to realize the full potential of the brand Valentino. Similar expectations and buyers. This acquisition Qatari surname strengthen its position in the market of luxury. During the creation of Qatar Luxury Group (owned by Qatar Foundation) is the wife of the Emir of Qatar Sheikha Mozah Bint Nasser Al Missned,. The group recently received a license for the production of clothing under the brand M Missoni, and last year acquired a French tannery Le Tanneur.