Permira Aiming to Buyout Valentino

Permira is looking to buy out minority stakeholders in Italian fashion group, Valentino. The UK firm took a 30% stake in the company in May, paying $1.1 billion for the privilege. The latest offering values the company at $3.54 billion, and will be paying EUR35 per share. Valentino counts among its brands such names as Marlboro Classics and Hugo Boss.