Kering Luxury Group to Become Valentino’s Significant Shareholder
In a landmark move that marks a significant shift in the luxury fashion landscape, Kering and Mayhoola have announced a binding agreement that will see Kering acquire a 30% shareholding in the prestigious Italian luxury house, Valentino. The cash consideration for this acquisition amounts to a staggering €1.7 billion. This partnership forms part of a … Read more