The West

A model walks the runway at the Valentino Haute-Couture show as part of Paris Fashion Week on July 4. Picture: Getty Images

Italian fashion house Valentino is in exclusive talks with a potential but unnamed buyer, the company said, with Qatar's royal family believed to be interested.

"Valentino has seen increasing interest from a number of potential buyers," said Stefano Sassi, chief executive of Valentino Fashion Group and the Valentino fashion house.

RELATED: Midnight couture at Armani show | Atelier Versace returns to the Ritz

"An exclusivity has been granted to one of the potential buyers, who expressed interest in the long-term potential of the brand, and it is expected to expire in July."

British media reported on Sunday that Qatar's royal family was in advanced talks to buy the fashion label from its current owner, private equity firm Permira, for about £550 million-£600 million ($842 million-$919 million).

The West Australian

Latest News From The West

The victim of the Carlisle siege is suing the estate of the man who took her hostage at knife-point in a bid to get compensation for the permanent injuries she suffered during the deadly police …

Qantas and the operators of Perth Airport are poised to strike a deal within days to allow the first non-stop flights from Australia to Europe through the airline’s domestic terminal.

Popular videos

Lifestyle Videos

Follow Us

More from The West