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.
The majority of experts in the field of armaments admit that made-in-Russia weapons can be referred to as best weapons in the world. To substantiate this point, suffice it to recall that many countries make their own ripoffs of world-famous Russian weapons.