Monday, 9 July 2012

Valentino in exclusive talks with Qatar: sources | Reuters

London-based private equity fund Permira is in exclusive talks with the Qatari royal family over the sale of Italian fashion house Valentino and a decision is expected by the end of the month, four sources close to the talks said on Monday.

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 (PSHG_p.DE) to shares in British bank Barclays (BARC.L).

In March, Qatar Holding bought a 1.03 percent stake in luxury conglomerate LVMH.

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