Dior Withdraws Valentino Compensation Demand over Glitzy Rome Show, Source Says

Anne Hathaway and Giancarlo Giammetti attend Valentino's "The Beginning" Fall-Winter 2022/2023 Haute Couture collection show on the Spanish Steps in the historic center of Rome, Italy July 8, 2022. (Reuters)

LVMH-owned Dior has withdrawn a request for 100,000 euros in compensation from rival fashion label Valentino for allegedly blocking access to its Rome store with a celebrity-packed runway show on the city's Spanish Steps, a source told Reuters.

Citing a letter from Dior, the source familiar with the matter said the French label was backing down "in light of the friendly relationship between the two Maisons".