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Permira to Sell Valentino to Sovereign Fund, Telegraph Says

Permira Advisers LLP will sell luxury designer Valentino to a sovereign wealth fund for 600 million euros ($737 million), the Sunday Telegraph reported, without saying where it obtained the information.

The sale, to one of Permira’s investors, will separate the Valentino brand from Hugo Boss AG (BOSS), the newspaper said. The sovereign wealth fund hasn’t been identified it said.

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To contact the reporter on this story: Makiko Kitamura in London at mkitamura1@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net

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