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Qatar ruler buys Valentino


The ruling family of Qatar has recently acquired Italian fashion design house Valentino. The acquisition is rumoured to have cost Euros 700 million via the Mayhooda for Investments SPC company. The purchase of Valentino also gives the family ownership of luxury group M Missoni, which according to Mayhooda’s spokesperson is the “ideal base for creating a broader presence in the luxury goods sector.”


Image: Christopher Macsurak via photo pin cc