Valentino Sells VIP Perks With Handbags Amid Slowdown

Store openings of big luxury brands are typically glitzy events reserved for celebrities and press. When Valentino, the Italian maker of cocktail dresses, A-line skirts and $445 espadrilles, opens its next boutique in New York, the company plans to invite regular people to rub elbows with the stars -- if they’re willing to pay for the experience.

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