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Kering to Acquire 30% Of Valentino

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This just in, Kering has acquired 30% of Valentino. The agreement comprises an option for Kering to acquire 100 per cent of the share capital of Valentino no later than 2028. Learn more:

Kering will acquire a 30 per cent share in Valentino from parent company Mayhoola for a cash consideration of €1.7 billion, the conglomerate announced on Thursday. The agreement, a significant acquisition for Kering’s fashion business, includes the option for Kering to acquire 100 per cent of the share capital of Valentino no later than 2028.

François-Henri Pinault, chairman and CEO of Kering said in a statement: “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.

 

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