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Valentino Sold to the Qatar Royal Family for $858 Million

by Clare Todhunter
Well that was quick. As we reported earlier this week, Valentino was back on the market rather unexpectedly, but now the beloved Italian label is no longer up for grabs. WWD confirmed that Valentino was officially sold to the Qatar Royal Family Investment Group, ratifying rumors that were already ci...
StyleCaster
StyleCaster • 2 years ago

Valentino has officially been sold for a casual 858 million bucks

  • Rachel Lasure
    Rachel Lasure • 2 years ago

    I'm just curious, and this will show my naivete of the fashion industry,but what does it mean when a clothing line (or the designer) is sold to someone?

  • Stefanie S. NYC
    Stefanie S. NYC • 2 years ago

    The designer gives up his name for money. Often, in an agreement to perhaps stay on the board of directors for a set number of years to keep the brand identity consistent. Too often it means the line will get wateresd down and lose it's cache.