Valentino Opens First Stores In China

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Italian fashion house Valentino has taken a first step into China with the opening of a boutique at a Beijing hotel, to be followed by an own-brand store in May, the company said in a statement.

Valentino, which was bought by private equity group Permira last year, said the store would be in the Pahlife shopping centre. The boutique -- officially inaugurated on Wednesday -- is in the Peninsula Palace Hotel.

Designer and founder Valentino Garavani retires this month with his final haute couture show set for January 24 in Paris.

Read the whole story at Reuters