Valentino Fashion Group is not commenting on reports it is under pressure from lenders to renegotiate its debt arrangements.

The Wall Street Journal says the Italian luxury goods company is under pressure to agree new terms with lenders UniCredit SpA, Mediobanca SpA and Citigroup Inc.

Permira, the private equity firm that took over Valentino in 2007, declined to comment on any negotiations when contacted today (3 July).