French luxury group Kering to buy 30% stake in Valentino for 1.7 billion euros cash
MILAN -- French luxury conglomerate Kering has reached a cash deal to purchase a 30% stake in Italian fashion house Valentino for 1.7 billion euros from a Qatari investment firm. With the purchase, Kering is seeking to shore up its revenue stream as it struggles to turn around former powerhouse…
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