Cookie banner

This site uses cookies. Select "Block all non-essential cookies" to only allow cookies necessary to display content and enable core site features. Select "Accept all cookies" to also personalize your experience on the site with ads and partner content tailored to your interests, and to allow us to measure the effectiveness of our service.

To learn more, review our Cookie Policy, Privacy Notice and Terms of Use.

or
clock menu more-arrow no yes mobile

Filed under:

SOLD!

By Kenzie Bryant

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

Today in rich people buying expensive things, an investment company backed by the royal family of Qatar did go ahead and snag Valentino, as was rumored earlier this week. Some other fun facts are that the new owner's company name is Mayhoola and its spokesperson said, "Our vision is to back management for the long term to exploit the full potential of this exciting brand. We believe Valentino is ideally suited to form the basis for a global luxury goods powerhouse." Maybe he doesn't remember those Valentino Town Cars from the '80s? [Vogue UK]

More From Racked