Kering completes acquisition of 30% of Valentino
Luxury group Kering has completed the acquisition of a 30% shareholding in Valentino. It announced its intention to invest in Valentino in July, saying it would pay €1.7 billion for a 30% share.
Doha-based investment group Mayhoola will retain the other 70% of shares in Valentino but the agreement includes an option for Kering to acquire 100% of the share capital of Valentino by 2028.
This transaction is part of a broader strategic partnership between Kering and Mayhoola, which could lead to Mayhoola becoming a shareholder in Kering. Mayhoola acquired Valentino in 2012.
The brand was founded in Rome in 1960. It has more than 200 directly operated stores in more than 25 countries. It recorded revenues of €1.4 billion in 2022.
Image: Valentino.
