Qatar's Mayhoola investment acquired Valentino for $850 million
Mayhoola for Investments, an investment firm based in Qatar, has agreed to acquire Valentino Fashion Group for around $850 million.
Valentino is the latest Italian luxury brand to be bought by Middle Eastern investors. As DubaiBeat reported earlier, a Dubai firm acquired Italian fashion house Gianfranco Ferré in 2011. Also a UAE investor had bought the French fashion house Christian Lacroix back in 2009.
To see a list of investors from the Middle East similar to Mayhoola check our Middle East Investors Directory
More details follows
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