So This One Company Is Probably Kicking Itself for Investing in Valentino

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Valentino couture, fall 2009.

London-based SVG Capital Plc has said the value of its investment in Valentino Fashion Group declined 35 percent in the first half of the year. Over the course of 2008, the company's investment plummeted 54 percent in value. Some of the decline could be due to the poor exchange rate for the British pound. But most of it is probably due to no one having money to spend on Valentino these days. [WWD]