The acquisition marked the third change of owners for Valentino since he and his partner Giancarlo Giammetti sold the label back in 1998. Probably no one in fashion lived as well as Valentino, who spent $12 million last July on a celebratory weekend in Rome.
"His style was not at all like mine. But I have always greatly respected him, for his taste and elegance, for being who he is" said , one of a half dozen designers at the show, including Alber Elbaz of , Patrick Cox, , and .
"Valentino? In a word? Well, that must be unique. They won't make another one like him," mused Ungaro, accompanied to the finale by his Italian wife Laura.
Also sitting front row were , in odd white pancake makeup, muse Betty Catroux, a slew of business potentates' wives, including a trio of relatives of Russian billionaire and Chelsea FC owner Roman Abramovich, and Valentino's successor, Alessandro Facchinetti, who will present the first post Val ready-to-wear collection in Paris in five weeks time.