Mayhoola for Investments to increase fashion holdings with Balmain

By Bizclik Editor
Share

Qatari investment fund Mayhoola for Investments is to take over Balmain, a French fashion house.

French newspaper Les Echos has reported today that Mayhoola for Investments has offered €485 million for Balmain, which is currently 70 percent owned by the heirs of Alain Hivelin, the company’s former CEO.

Pierre Balmain founded the label back in 1945, after several years working for Lucien Lelong, alongside both Christian Dior and Hubert de Givenchy. 

Mayhoola for Investments already owns Valentino, which it bought from UK private equity firm Permira for €700 million back in 2012. It also paid £27 million for a stake in British handbag company Anya Hindmarch in the same year.

Follow @BusinessRevME

Read the June 2016 issue of Business Review Middle East magazine

 

Share

Featured Articles

SAP creates new EMEA region and announces new President

SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology

How SAP is facilitating continuous business transformation

Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software

Siemens and Microsoft: Driving cross-industry AI adoption

To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI

Sustainability must become central to corporate strategy

Sustainability

The endless benefits of putting your people first

Leadership & Strategy

Working from anywhere: SAP uncovers secret life of employees

Human Capital