We knew that something was up earlier this week when trading of the Valentino Fashion Group was suspended ahead of an "unspecified announcement." Now it has been revealed that Permira, a private equity fund, has acquired 29.6 per cent of the company for 782.6 million euros, around £535.8 million, at current exchange. However, WWD.com are reporting that this may only be the beginning of a bidding war with Carlyle, another group rumoured to be locked in a battle with Permira for a stake in fashion group. Nevertheless, this didn't hamper the Chopard and Valentino party held at Cannes yesterday where the Italian designer got up-close and personal with Liz Hurley.
Keep reading to see the final product of Valentino's dress for pregnant Eva Herzigova...
This is the finished product of the design that Valentino especially created for mum-to-be Eva Herzigova to wear to the Chopard party. The final dress is practically identical except the colour appears more vibrant than the rose-pink description we were originally given, more like a candy pink and there is a tiered skirt which doesn't appear in the original design. Still she looks so radiant and those rocks around her neck are sure to be worth a few pennies. [Images: Getty]
For more celebrity fashion from this year's Cannes Festival click here.
