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Fashion Week off! Olivia Palermo nails holiday chic in a bright white cover up as she hits the beach with designer Valentino

Published: 13:14 EST, 30 July 2015 | Updated: 17:53 EST, 30 July 2015

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They may be enjoying a week off from the world of style shows and magazine shoots but Olivia Palermo and Valentino are never off-duty in the fashion stakes.

Olivia, 29, was impeccably turned out in the sand, wearing a white beach cover up and gold accessories as she holidayed in Formentera with husband Johannes Huebl.

Meanwhile, 83-year-old Valentino was similarly well-turned out in a patterned trousers and clashing shoes, looking smart in an open blue shirt.

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Fashion friends: Valentino (left) joined Olivia Palermo (centre) for a visit to Formentera on Thursday as they spend a week on his luxury yacht

The pair put on quite the stylish presentation, having arrived on a speed boat for an afternoon lunch jaunt.

Carefree fashion designer Valentino even enjoyed a little paddle in the sea with Johannes, lifting up his trousers to make sure they didn't catch the splash.

Olivia was stylish down to her blue and brown beach bag that matched her sunglasses; perched elegantly on the end of her nose.

Beach ready; The beauty looked exquisite in a white beach cover up and croc print loafers

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Fashion fan: The fashion designer was similarly well turned out in patterned trousers

Model Johannes, meanwhile, might as well have been shooting a sunkissed campaign as he peeped beneath a white hat and showed off his tan in shorts.

Johannes and Olivia have been holidaying aboard Valentino's luxury yacht in Ibiza for the past few days and have similarly been spending time with big-whig Carlos Souza and photographer Lukas Dvorak.

They were pictured earlier in the week hanging out over an al-fresco lunch, each member of the stylish group looking tanned and relaxed.

Photo ready: Handsome couple Olivia and husband Johannes Huebl looked like they'd just walked off a shoot

Having a paddle: Valentino dipped his toes into the waters, pulling up his trousers so as not to ruin them

Olivia, who shot to fame on MTV's The City, and Valentino have long been good friends.

The fashion blogger is regularly seen sporting items from the Italian fashion house's current and future collections.

Jetsetting power couple Johannes and Olivia, who married in 2014, have between them visited London, Paris, Beijing, Portofino, Berlin, Rome, Capri and Tokyo in the last few months.