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May 14, 2007
Report: Equity Groups Eye Valentino
The luxury apparel sector is abuzz with speculation that the Valentino Fashion Group could be sold to a private equity player. The company has reportedly received multiple offers from financial players, but no formal proposal yet.
A sale could result in designer Valentino Garavani, 75, stepping down. The company has apparently been looking for a replacement for the iconic designer without success.
Posted by Blacks on May 14, 2007 09:28 AM
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