Who owns Valentino?
Founded by designer Valentino Garavani, the Italian high-end fashion brand acquired global fame thanks to its trademark bright-red chiffon dresses, loved by princesses and Hollywood stars alike Who owns Valentino? Valentino is an Italian luxury fashion house founded in 1960 by Valentino Garavani and part of the Valentino Fashion Group. Since October 2008, the creative…
Founded by designer Valentino Garavani, the Italian high-end fashion brand acquired global fame thanks to its trademark bright-red chiffon dresses, loved by princesses and Hollywood stars alike
Who owns Valentino?
Valentino is an Italian luxury fashion house founded in 1960 by Valentino Garavani and part of the Valentino Fashion Group. Since October 2008, the creative director is Pierpaolo Piccioli, jointly with Maria Grazia Chiuri from 2008 to 2016. Alessandra Facchinetti was Valentino’s creative designer from 2007 to 2008. Valentino is headquartered in Milan, while the creative direction is in Rome.
Iconic Italian fashion house Valentino has been snapped up by the Qatari royal family for 700 million euros ($857.46 million), marking one of the most prominent purchases of a European top designer brand by an emerging market investor. Valentino said Mayhoola for Investments S.P.C, which is backed by a leading Qatari investor, had acquired full ownership of Valentino Fashion Group SpA from London-based private equity fund Permira and Italian textile entrepreneurs Marzotto.
The Qataris, who also own London’s Harrods department store, have been one of the world’s most active investors with assets ranging from stakes in German sports car maker Porsche to shares in British bank Barclays. Permira took control of Valentino Fashion Group, which at the time included Valentino and German menswear brand Hugo Boss, at a market peak in 2007 for 5.3 billion euros in one of the largest deals in Europe that year.
