montez
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As for Balmain, Mayhoola has unlimited funds at this point so they can hire anyone.
There are enough big free acts out there for them to choose from.
They can literally choose anyone from Alexandre Vauthier, Riccardo Tisci and even (open the pandora box) Hedi Slimane.
But Balmain is still Olivier lol.I don’t doubt that Mayhoola has very deep pockets, but I do wonder whether they’re considering exiting fashion altogether. With the planned sale of Valentino to Kering, they'll only have Balmain and Pal Zileri left. And as Glitz reported earlier, Balmain is not doing well which honestly doesn’t surprise me. There are only so many cash injections they’ll be willing to give, I assume.
Either way, they definitely need a fresh eye at Balmain.
To me, saying “Balmain is Olivier” does a huge disservice to both Christophe Decarnin and Emmanuelle Alt, who essentially revived the house from complete obscurity. Olivier was very lucky to get the job at his age and with his level of experience, and he has grown into it to some extent, but looking at where Balmain is today, his creative contribution doesn’t impress me. I appreciate his endurance, but the brand isn’t evolving in a meaningful way.

This is exactly what I was thinking while saying hope he stays away from some houses… the idea of him at Versace is nauseating!!Listen ... if Dario Vitale doesn't make it at Versace, I think Olivier could do something there. I doubt Prada Group would ever hire him, though.
It was long overdue for him to be gone from Balmain, but I am still shocked. I may not have always liked what he did at the house, but he should be proud of his tenure and hanging in there.
I think they may hire someone to sell it at the best price.
The same king of deal the family that owned Balmain did with them.
And I think Mayhoola and Olivier did great in terms of strategy to preserve the brand. I remember that the previous owners did the Pierre Balmain line, which was already a topic of contention with Decarnin. And when Mayhoola took over, they killed the line, adjusted the prices and didn’t do the mistakes that are generally done with sexy brands.
Balmain is more an asset today than it was when Mayhoola bought it anyway.
But if we go by what they have done with Valentino, we may expect a star designer to turn things around before the sale.
Buying Pal Zileri was such a bad idea. Who advised them!
Apart from the prestige of course.They probably have to follow that strategy to achieve a successful sale and at least a somewhat respectable (if any) profit on their investment.
Mayhoola bought Balmain for approximately EUR 500 million in 2016. Last year, the brand generated around EUR 300 million in revenue...The question is how much capital they've had to inject into Balmain since 2016, likely a significant amount.
Yes, they built a stronger brand and a more valuable asset, but at some point they must have realized there are easier investment opportunities with better returns than high fashionApart from the prestige of course.
When they bought Balmain, the revenues were around 150M too.They probably have to follow that strategy to achieve a successful sale and at least a somewhat respectable (if any) profit on their investment.
Mayhoola bought Balmain for approximately EUR 500 million in 2016. Last year, the brand generated around EUR 300 million in revenue...The question is how much capital they've had to inject into Balmain since 2016, likely a significant amount.
Yes, they built a stronger brand and a more valuable asset, but at some point they must have realized there are easier investment opportunities with better returns than high fashionApart from the prestige of course.
They never really opened it. He did one collection, it was a flop, they concentrated in customs for clients and celebrity dressing.Hopefully they shut down the HC too.
I could tell that's exactly what you meant ! I am so sorry, but I can just see it. I don't want to upset our most credible resident Versace informant so please forgive meThis is exactly what I was thinking while saying hope he stays away from some houses… the idea of him at Versace is nauseating!!
hahaIt seems plausible. He is a star, he has the celebrity connection, apparently Donatella’s support in general, he is technically capable to do menswear and womenswear and a lot of his tackiness is actually very Gianni coded.I could tell that's exactly what you meant ! I am so sorry, but I can just see it. I don't want to upset our most credible resident Versace informant so please forgive mehaha
100% agree with this. Wasn't he at Cavalli before, also ? I think that with the proper stylist and team and him diving into the archives of Gianni, he'd be capable. Moreso than Tisci, I feel Versace is fit for him. Olivier was obsessed with the time that Karl was into Gianni's work so it is a bit circular, but I also feel he'd throw in some more tame and minimalist sensibilities with the right stylist. His last work at Balmain was more minimal.It seems plausible. He is a star, he has the celebrity connection, apparently Donatella’s support in general, he is technically capable to do menswear and womenswear and a lot of his tackiness is actually very Gianni coded.
I mean he did a Miami/Versace inspired collection at Balmain…
What he just need is a good stylist by his side. When Charlotte Stockdale joined, he couldn’t tame his excessive ways. He was able to switch with MAS.
I think Versace above all needs someone who is not uncomfortable with the sexy, tacky nature of the brand.
He was the only one to really take it and make it front and center, as Pierre himself would have wanted.But Balmain is still Olivier...ultimately, he is the one who took that success to ultra-highs.
This could be something. Not sure of the likelihood either though.Listen ... if Dario Vitale doesn't make it at Versace, I think Olivier could do something there.