Mayhoola CEO Rachid Mohamed Rachid
The Qatari investment company Mayhoola, owner of the fashion brands Valentino and Balmain, no longer aims to build a luxury group on its own but sees itself as an influential minority shareholder in Kering in the medium term, its CEO told Miss Tweed in an interview.
In July, Mayhoola agreed to sell 30 percent of Valentino to the French-based group for €1.7 billion in cash. The deal is expected to close at the end of November. However, what will happen to Balmain? Will the Qatari company sell it, together with Valentino, in exchange for a bigger stake in Kering? And how influential does Mayhoola plan to be?
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