Kering acquired 30% of shares of Valentino for more than 5 billion euro

The French group Kering redeemed 30% of shares of Valentino at the price over 5 billion euros with the right of acquisition of only company within five years. The chairman boards of directors Kering Fransua-Anri Pino called this transaction the first step within partnership with Qatar investment fund Mayhoola. About it writes the Business of Fashion edition. "For us a great honor that Mayhoola chose us for developments by Valentino, and also for work on other projects" — the chairman declared boards of directors to Kering Fransua-Anri Pino. Let's remind, last month Kering got the perfumery house of Creed...