Milan — Italian fashion house Valentino plans to list on the Milan stock market sometime from late 2018, with its Qatari owner planning to sell around a quarter of the company in an initial public offering of shares, a source close to the matter said. The group, founded in 1960 by designer Valentino Garavani in a studio near Rome’s Spanish Steps, retains a classic chic which is still popular with actors strutting the red carpet. Its trademark is a bright magenta red, known as "Valentino red". Its current owner, Qatari investment vehicle Mayhoola for Investments has close ties to Sheikha Mozah, the second wife of the former emir. It bought Valentino in 2012 from private equity firm Permira for around €700m. Mayhoola started looking into a possible market listing in late 2015 but hesitated because of a slowdown in luxury fashion last year. It also wants to give time for Valentino’s creative director to put his mark on the brand. In 2016 CEO Stefano Sassi said there was "too much turbu...
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