The Godfather: Now Starring The House Of Valentino

Illustration for article titled The Godfather: Now Starring The House Of Valentino
  • The Sopranos is coming to an end, but the Valentino drama continues. Private equity firm Permira struck a deal over the weekend with the Marzotto family to buy the family's remaining shares in the fashion house. But what to do with the 20% of shares held by Antonio Favrin, a member of the Marzottos rival family? We hear James Gandolfini may be looking for work...[WWD]
  • Breaking news! English model Agyness Deyn's real name is... Laura Hollins. Christ. [Fashionista]
  • What did the two women vying for England's Labour Party's deputy leadership debate to prove their worth for the position? The cost of their handbags, of course. [Telegraph]
  • Versace is shifting its focus away from casino-casual clothing and towards the more-profitable gold-leaf, Medusa-head trashcan arena (also known as "home and lifestyle.") [WSJ]
  • Forget climate change: The most threatening environmental force right now might be English socialites' love of luxury goods. [Guardian]
  • More conflict in the Middle East: Gulf state private equity firms are jockeying to acquire luxury department store chain Barney's New York. [WWD, sub req'd]
  • Today in high-low collaborations you can't possibly still be interested in hearing about: Alice + Olivia, Payless Shoes. [WWD, sub req'd]



FINANCE • The Dutch-based International Butler Academy may open a New York training center to supply hedge-fund managers with personal valets. [NYP] • A Cerberus managing director admits the firm has a horrible name but says it's too late to change it.