A group of shareholders has acquired a 14.5% share in Valentino Fashion Group, according to a report by financial daily Il Sole 24 Ore.

The shareholders, led by the Marzotto family, now have an option to raise their stake to 29.93% via an investment group, the report said.

The group may consider a complete takeover of the company, Il Sole suggested, without citing any sources.

This would also mean a buyout offer for the Hugo Boss fashion house, it said.