VALENTINO MAKES A DIFFERENT KIND OF DEBUT.(securities of Valentino Fashion Group )

Daily News Record, July, 2005 by Kaiser, Amanda

Byline: Amanda Kaiser

MILAN -- The debut of the Valentino Fashion Group on the Italian borsa last week was the biggest fashion-related development on the European stock markets since last year's delisting of Gucci Group.

As reported, Marzotto has spun off its fashion assets, including Valentino, a controlling stake in Hugo Boss and other apparel assets, into a new company. Investors will receive one Valentino Fashion Group share for every Marzotto share they hold.

Michele Norsa, chief executive officer of Valentino Fashion Group, said he thinks the new company will appeal to the market as a diversified and balanced way to invest in fashion, pointing to a melange of products ranging from couture to a sportswear line licensed from a...