RIP VALENTINO? LET’S HOPE NOT!
Posted on July 13, 2012
Being the world’s 3rd best designer according to Top Ten Yaps, the iconic fashion house Valentino was sold to a Qatari investment company for an estimated price of 755 million euros ($930 million).
This is confirmed, but no official news (as far as the name behind the investment) were announced just yet. Rumors have it that someone from the Qatari royal family were in contact with the house regarding an investment a while ago, too. For all I know, Stefano Sassi, Valentino’s chief executive was “delighted” by the sale.
This is pretty big news, and we are all wondering what Valentino’s house next move will be. Will they replace the designers behind the brand? improve it to a better company? lead it to bankruptcy? only time will tell. But until then, what are your thoughts about this?