Kering and Qatar’s Mayhoola considering Valentino sale, Italian daily reports

Valentino Owner Denies Plan to Sell Italian Fashion Brand

The majority owner of Valentino denied a newspaper report that it plans to sell the Italian fashion house alongside partner Kering SA.

Kering and Qatar’s Mayhoola considering Valentino sale, Italian daily reports

MILAN (Reuters) -Qatari investment fund Mayhoola and Gucci-owner Kering are considering selling their jointly-owned fashion house Valentino, an Italian daily reported on Friday. The decision is part of a wider review by Kering of its holdings, as the luxury group faces growing debt, a global slowdown in luxury demand and is under pressure on the bourse, Corriere della Sera newspaper added. The French giant bought a 30% stake in Valentino in 2023…

Valentino might be up for sale by Kering - RetailDetail EU

Kering and investment firm Mayhoola are reportedly considering selling fashion house Valentino. The potential sale comes at a time when Kering is facing declining demand for luxury products. Early decision The French luxury group acquired a 30% stake in Valentino in 2023 for 1.57 billion US dollars (1.4 billion euros), with an option to take over the remaining 70% by 2028 at the latest. The acquisition was intended to provide the group with a se…