Editor
Kering will acquire 30 percent of Italian couture house Valentino for €1.7 billion — implying a valuation north of €5 billion — as part of a broader partnership with Qatari investment fund Mayhoola, the French conglomerate said on Thursday. The agreement gives Kering the option to acquire 100 percent of Valentino “no later than 2028.”
“We are honoured to have been chosen by Mayhoola to develop Valentino as well as to work on…
