Pursuits
Valentino May Be Profitable in 2010; Permira Still Committed
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Valentino SpA, the Italian fashion house owned by Permira Advisers LLP, may become profitable this year should it maintain sales growth at the pace of the first half, Chief Executive Officer Stefano Sassi said.
Revenue at the Milan-based company increased 11 percent to 12 percent in the opening six months of 2010, Sassi said yesterday in an interview in Paris.