no July 23.no dear Garavani sold it all he has zero royalties coming in from the current brand.
The Qatari investment group Mayhoola for Investments S.P.C, backed by an unnamed investor, acquired full ownership of Valentino Fashion Group SpA from London-based private equity firm Permira and Italian textile manufacturers Marzotto. While Valentino did not disclose the name of the investor behind Mayhoola, British media had recently reported that Qatar's royal family was previously in advanced talks to buy the fashion label for about 700-755 million euros ($850-930 million).
Valentino had faced financial difficulties for some time. London-based private equity firm Permira took control of Valentino Fashion Group, which at the time included Valentino and German menswear brand Hugo Boss, in 2007 for 5.3 billion euros in one of the largest deals in Europe that year.
In December 2009, hit by the financial crisis, the brand had to restructure its debt and Permira, together with textile manufacturer Marzotto, placed Hugo Boss in a separate entity.
He is just very old now and maybe not in perfect health to be stressed with this show or anything else, like the Bof interview Alesandro said he did not get to speak to him since his appointment.
I am not versed on Valentino but I am sure there are a lots of correspondance with our YSL archives (Couture or Rive Gauche) ... on looks : 1, 3, 6, 7, 8, 9, 16, 26, 29, 43, 45, 49, 52, 67, 61, 62, 64, 68, 73, 77 and 85.I would love an analysis on the comparisons and references between this and Valentino's archive, because it looks very AM but some of the pieces and full looks are sooo rich. I'm in love with look 83
yes i meant to show that for a much longer time valentino was in other people's hand before current situation....no July 23.
The French-based luxury group announced that it has completed the acquisition of a 30% shareholding in Valentino, following approval from the antitrust authorities
Kering has announced that it has finalised the acquisition of a 30% stake in Valentino, according to the terms announced on the 27th of July. The luxury group paid 1.7 billion euros to Valentino’s owner, the investment equity firm Mayhoola, with an option to buy 100% of the Italian brand’s capital until 2028.
For the time being, Mayhoola remains the majority shareholder with 70% of the share capital and will continue to implement the brand’s strategy, under the leadership of CEO Jacopo Venturini.
“I am impressed with the evolution of Valentino under Mayhoola ownership and very delighted that Mayhoola has chosen Kering as its partner for the development of Valentino, a unique Italian house that is synonymous with beauty and elegance”, said François-Henri Pinault, Chairman and CEO of Kering in July. “I am very pleased with this first step in our collaboration with Mayhoola to develop Valentino and pursue the very strong strategic journey of brand elevation that Jacopo Venturini will continue to lead”, he added.
from the press release.
I assume they will have to pay the remaining 70% much higher is Valentino rockets by 2028.
I would love an analysis on the comparisons and references between this and Valentino's archive, because it looks very AM but some of the pieces and full looks are sooo rich. I'm in love with look 83