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
Valentino label’s owner, the Qatari investment firm Mayhoola for Investments purchased French fashion house Balmain without revealing how much it was paid for the new luxury acquisition. Financial medias revealed that the Qataris offered 485 million euros ($546 million) for Balmain. The offer was higher than the sale estimates of between 300 to 400 million … Read more
With new capital injection from Qatar-based company Mayhoola, Valentino fashion house will expand its men’s business. Valentino will launch first menswear store in Paris, followed by London and then Milan menswear boutiques. Head designers Maria Grazia Chiuri and Pierpaolo Piccioli commissioned architect David Chipperfield to concieve the concept of the new stores. Valentino showed its … Read more