| 09.07.2012 - Permira to sell Valentino to sovereign fund |
| Luxury designer Valentino, famous for its opulent red ball gowns, is being sold to a sovereign wealth fund for €600m (£476m). The sale comes five years after Valentino was bought by London-based private equity firm, Permira, at the height of the credit bubble together with Hugo Boss, in a holding company called Red & Black...............................................Full Article: Source |