Monday, July 9, 2012

Fashion house Valentino confirms in takeover talks

Italian fashion house Valentino is in exclusive talks with a potential but unnamed buyer, the company said, with Qatar's royal family believed to be interested. Valentino's autumn-winter 2012/2013 haute couture show in Paris"Valentino has seen increasing interest from a number of potential buyers," said Stefano Sassi, chief executive of Valentino Fashion Group and the Valentino fashion house, in a statement obtained by AFP on Monday.He added: "An exclusivity has been granted to one of the

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