DRAMA LIVES AT THE HOUSE OF VALENTINO

so the telenovela that is the house of rudolph valentino is still going strong! the last time we blogged about this, permira, a private equity fund, had made a winning bid for the company and acquired 29.6% stake in the company ( i t only needed 24% to gain control of the group.) well, they say if you give an inch....and now permira, according to media reports, is said to trying to grab more stake in the company. according to wgsn, "the fund has extended until june 1 it's exclusivity deal with shareholders who are part of the marzotto family." first, isn't the corporate fashion world SO gangsta!? second, is exclusivity really a word!? i'm gagging!

a look from valentino's spring 2007 show. (kissmetace.com)