Qataris buy Italy's iconic fashion house Valentino

VALENTINO-QUATAR:Qataris buy Italy's iconic fashion house Valentino

Italian fashion house Valentino said on Thursday it had been acquired by a leading Qatari investor for an undisclosed amount, one of the most prominent purchases of a European top fashion brand by an emerging market investor.

In a statement, Valentino said Mayhoola for Investments, backed by an unnamed leading Quatari investor, had acquired full ownership of Valentino Fashion Group SpA, up until now controlled by London-based private equity fund Permira.