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RumorMongering

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A London-based private equity firm, Permira, has owned Valentino for five years and now they're ready to hand the revived house off to its next owners. Who that will be, however, is the mystery. The rumor of the day is that a Permira investor, a royal family from Qatar, is willing to put down the big bucks—about $852 million—to acquire the company. The CEO of Valentino Fashion Group and Valentino, Stefano Sassi, is being coy about it, however, making an official statement along the lines of "a lot of people want a piece of this." Stay tuned. [Elle UK]