FASHION NEWS —Permira Gains Control Of Valentino

3 Jun

Fashion News

I decided to NEW segment on Thetrendsetter “FASHION NEWS”. I will just do a short summary on what’s going on in the fashion industry. And ofcourse you can leave a comment about if it’s important to you or NOT!!!

On Friday, June 1 in Milan Permira came to an agreement with the Marzotto family to take control of a further 24% stake in Valentino Fashion Group, bringing the private equity fund’s stake to 53.6%.

Permira also said it will launch a cascading bid for outstanding shares of the group, which includes the German firm Hugo Boss AG. Late last month, Permira took control of 29.6 percent of VFG for 782.6 million euros, or $1.06 billion at current exchange. Click here to read the remainder of the article.

Truly Curvaceous

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