Kering to acquire 30% stake in luxury fashion brand Valentino for €1.7bn
Kering, a leading player in the global luxury sector, has inked a deal with Mayhoola, an investment entity controlled by Qatari Mayhoola for Investments, to acquire a 30% stake in luxury fashion brand Valentino. The cash consideration for this transaction stands at €1.7 billion. The partnership also provides Kering with an option to purchase the […]