Dear Shaded Viewers,
It is funny how this rumor was denied only days ago well, Mayhoola, an investment vehicle backed by a major private investor group from Qatar, has agreed to acquire Valentino FashionGroup S.p.A. The sale and purchase agreement between Mayhoola and Red & Black Lux S.a.r.l, a company indirectly controlled by the Permira Funds in partnership with the Marzotto family was signed yesterday.
Mayhoola stated that they are impressed by the work of the two creative Directors, Maria Grazia Chiun and Pierpaolo Piccioli ad by the management team led by Stefano Sassi. Stefano Sassi, CEO of Valentino is delighted with this development.