News making the rave in world fashion is on the subject of this post. The luxury label loved by Jacqueline Kennedy Onassis and Audrey Hepburn said on Thursday that Mayhoola for Investments S.P.C, an investment vehicle backed by a leading Qatari, had bought it from UK-based private equity fund Permira and minority investors the Marzotto textile entrepreneurs. London-based Permira took control of Valentino Fashion Group, which at the time included Valentino and Hugo Boss, at a market peak in 2007 for 5.3 billion euros in one of the largest deals in Europe that year.($1 = 0.8164 euros)

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