Mayhoola news and archive

Mayhoola contemplates the future of Balmain: Exit, overhaul or reinvention?

When Mayhoola for Investments acquired Balmain in 2016 for around 485 million euros (approximately 546 million dollars), it was viewed as a confident move by Qatar’s sovereign-backed fund to expand its luxury footprint beyond Valentino. Nearly a decade later, that confidence is being tested. The announcement that Olivier Rousteing will step down...

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Rachid Mohamed Rachid: How a former Egyptian minister is shaping global luxury fashion

The fashion world is illustrious, not only on the catwalks and backstage during fashion weeks. The biographies of the industry's CEOs can be equally dazzling, such as that of Valentino's chairman, Rachid Mohamed Rachid. From engineering student to minister of trade Rachid was born in 1955 in the Egyptian city of Alexandria. The son of a merchant...

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Business

Kering postpones call option for Valentino

French luxury group Kering and Qatari investment firm Mayhoola have revised their agreement regarding the ownership structure of Italian fashion house Valentino. Both parties announced on Wednesday that Valentino's ownership structure will remain unchanged until at least 2028. Mayhoola currently holds 70 percent of Valentino's shares. Kering...

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Valentino poised at new crossroads as CEO Jacopo Venturini steps down

The Italian luxury house Valentino has entered a fragile new phase following the departure of CEO Jacopo Venturini, whose resignation, effective August 13, was announced by the company last week. The exit, first reported by Women's Wear Daily (WWD), was described as the result of a mutual agreement: Venturini “has decided to take a break for...

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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...

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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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Business

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...