European private equity fund Permira on Wednesday took a 29.6-percent controlling stake in the Valentino Fashion Group, beating a rival bid by U.S.-based Carlyle group.
The deal values the fashion group, whose designs have been popular with the jet-set and glitterati for more than four decades, at EURO 2.6 billion (US$3.52 billion).
Permira said it will pay EORO 782.6 million (US$1.06 billion) to buy a controlling stake in Valentino from an investment vehicle controlled by members of the textile-making Marzotto family.
Fearing that peace might break out with the two Koreas talking to each other, Washington instructed South Korean President to keep the message about anything but peace
The USA does not have a picture of the strong Russia, and the Americans will never allow Russians become strong. Sanctions show how obvious the conflict is
The Chinese military believe that Beijing and Moscow must resist pressure from Washington together