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Qatari royal family in Valentino talks Monday, 9th July 2012
Photo credit: Valentino campaign
According to Sky News, the Emir of Qatar is thought to be close to finalising a deal to buy the Valentino label from current owners Permira, in a deal worth around £550 million.
An announcement could be made as early as this week, although Sky News suggested that a deal is yet to be confirmed.
If the acquisition where to take place, it’s thought the Qatari family, who own London department store Harrods, would also acquire the M Missoni brand in the process.