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Owner to float part of Valentino next year

The owner of Italian fashion house Valentino is reportedly gearing up to list 25% of the business next year.

Qatari investment vehicle Mayhoola for Investments will sell off a portion of its shares in Valentino in the second half of 2018, Reuters reported.

Mayhoola for Investments bought Valentino from private equity firm Permira for around €700m (£618.3m) in 2012.

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