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Mayhoola uses Valentino to secure partnership with Kering

By Astrid Wendlandt
Kering CEO François-Henri Pinault and Mayhoola CEO Rachid Mohamed Rachid

Kering CEO François-Henri Pinault and Mayhoola CEO Rachid Mohamed Rachid

Mayhoola for Investments, the secretive holding company controlled by Qatar’s royal family, appears to have given up on its ambition of building a major luxury group alone after striking a partnership with Kering and agreeing to sell it Valentino. Such a deal is a first in the luxury industry wherein a major French group agrees to align its interests with that of a smaller foreign company in exchange for allowing the former to invest in its biggest asset.

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