Article: GIAMMETTI'S REFRAIN: VALENTINO FETE IN JULY NOT A LONG GOODBYE.(business partner Giancarlo Giammetti assures that designer Valentino's is not retiring forever)

Byline: Luisa Zargani, With contributions from Amanda Kaiser, Milan

ROME - Don't get ready to say arrivederci to Valentino just yet.

After a press conference here Wednesday to reveal details of the designer's 45th anniversary celebrations in July, Giancarlo Giammetti, his longtime business partner, forcefully insisted the show is a celebration, not a farewell.

"It will not be Valentino's last," Giammetti told WWD, again batting away speculation the designer would use the occasion to step down. The rumors only increased following Italian investment fund Permira's purchase of a majority stake in Valentino Fashion Group, the design house's ...

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