Mayhoola news and archive

Valentino CEO exit looms, raising questions for Kering deal

Speculation is mounting over who could succeed Jacopo Venturini after Valentino confirmed its chief executive has taken sick leave amid reports he is poised to depart. Industry insiders point to Riccardo Bellini, the former Chloé chief who in January became managing director of Valentino‑owner Mayhoola, as a likely internal contender, given his...

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Former Chloé CEO Bellini moves to Valentino owner

Riccardo Bellini has reportedly assumed the role of managing director at Mayhoola for Investments LLC, the Qatar-based investment firm whose portfolio includes fashion houses such as Valentino and Balmain. Bellini took up the position at the beginning of the year, reported trade publication WWD. The former Chloé CEO reports directly to Mayhoola...

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Valentino reorganises business divisions and appoints new executives

Valentino, the Italian luxury fashion house, said on Monday it reshuffled its operational structure. Valentino, which is owned by Qatari group Mayhoola for Investments, said it created two separate units to separately manage its business operations and control divisions. Two new roles were created in the re-organisation, appointing Alberto...

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Valentino appoints CEO for Japan and Korea

Valentino has appointed a new chief executive officer for its Japan and Korea markets. Tokyo-based Masumi Shinohara will report to the company’s chief commercial officer Marco Giacometti, and will be tasked with growing the brand in two of its key Asian territories. Shinohara is an industry stalwart, having previously been a director at...

Fashion

Mayhoola donates 2 million euros to fight coronavirus

Mayhoola, the parent company of Balmain and Valentino, will be donating 1 million euros to Sacco Hospital in Italy to help stop the spread of coronavirus. They will also be donating an additional 1 million euros to Italy's Civil Protection. The funds going toward Sacco hospital will help improve the ICU in what has become one of the most...

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Qatari investment fund puts Anya Hindmarch up for sale

New York - The Qatari royal family’s investment fund, Mayhoola, has put the British luxury handbag brand Anya Hindmarch up for sale following widening losses. A source close to the firm quoted by ‘This is Money’ said the decision was a mutual one between fashion designer Hindmarch and the Qatari royal family’s fund. It’s worth recalling that...

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Mayhoola for Investments to float 25 percent of Valentino

London - Mayhoola for Investments, the Qatari owner of Italian fashion house Valentino, is reportedly set to launch an initial public offering (IPO) of the company sometime in the latter half of 2018. The Qatari investors aim to float at least 25 percent of Valentinos shares offer on Milan's main market, reported Reuters early Thursday morning....

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Valentino pays back to parent company Mayhoola

Valentino will distribute 150 million euros worth of dividend to its parent company Mayhoola to partially repay the investment the Qatari fund made when it acquired the late designer’s namesake label in 2012. According to the economic newspaper ‘Milano Finanza’ this is a way to repay, in part, the investment made five years ago by the Qtari...

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Mayhoola increases stake in Pal Zileri

The Qatari investment fund, Mayhoola for Investments, has taken over Italian menswear label Pal Zileri through the acquisition of 100 percent of its parent, Forall Confezioni, WWD reports. Mayhoola, which is the Qatari royal family’s investment fund, first took a majority stake of 65 percent in the Italian menswear manufacturer in 2014. Egyptian...

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Mayhoola and Balmain CEO confirm takeover

London - Mayhoola, private investment firm and parent company of fashion house Valentino, has confirmed together with the Chief Executive Officer of Balmain its acquistion of the Parisian fashion house. Balmain confirmed news of the deal on Wednesday following several news reports of an immediate deal on the cards. The closing of the deal, which...

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Valentino’s owner buys Balmain for 485 million euros

Mayhoola, the Qatar’s sovereign fun has just acquired the French fashion house Balmain, The group already own Italian luxury powerhouse Valentino. “After completing this transaction Mayhoola for Investments will hold 100 percent of Balmain’s capital,” said the merger and acquisitions company Bucephale Finance, reported Reuters. As published by ‘...

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Is Valentino still heading for an IPO?

London - The question regarding Italian fashion house Valentino future and a certain IPO continue to be the subject of much debate, as conflicting sources claim the brand is both close and nowhere near to taking the steps for an initial public offering. According to a report from Reuters, Valentino's Qatari owner, Mayhoola for Investments, has...