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How Much Did Valentino Sell His Company For? The Price Tag Revealed

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How much did Valentino sell his company for?

In 1998, Valentino Garavani and Giancarlo Giammetti sold their company for $300 million to the Holding di Partecipazioni Industriali (HdP), an Italian conglomerate. HdP was partially controlled by the late Gianni Agnelli, the head of Fiat. This sale marked a significant turning point for the Valentino brand.

HdP was known for its investments in a variety of industries, including automobiles, finance, and telecommunications. The company’s acquisition of Valentino was seen as a strategic move to expand its portfolio and capitalize on the growing luxury fashion market. Valentino was at the peak of its popularity at this time, known for its timeless designs and luxurious aesthetic. HdP’s investment signaled its belief in the brand’s long-term potential.

Following the sale, Valentino continued to operate under the creative direction of Garavani, who remained as designer until 2008. The acquisition by HdP brought with it resources and expertise that allowed the brand to expand its global reach and presence. The brand’s continued success under HdP’s ownership demonstrated the value of the acquisition and the strategic foresight of both Valentino and HdP.

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