MILAN, Italy — Revenues at Valentino, owned by Qatari investment vehicle Mayhoola, grew at a slower pace last year compared to 2017, the Italian fashion group’s chief executive Stefano Sassi said. Valentino’s revenues totalled around €1.2 billion ($1.36 billion) last year, Sassi said on Wednesday, although he did not give a specific figure for the […]
Mayhoola, Fosun Vie for Control of French Fashion Label Lanvin
PARIS, France — Qatari investment fund Mayhoola, which owns Italian fashion house Valentino, and Chinese conglomerate Fosun, the company behind French tourism group Club Med, are vying to acquire a majority stake in struggling French fashion house Lanvin, two sources familiar with the talks said. The storied Parisian label, France’s oldest surviving couture house, is […]