The French luxury goods group Kering and the Qatarian investment company Mayhoola have revised their agreement regarding the participation relationships at the Italian fashion house Valentino. Both parties announced on Wednesday that nothing will change in the owners’ relationships at Valentino until at least 2028.
Mayhoola currently holds 70 percent of the shares in Valentino, Kering had acquired the remaining 30 percent of the investment house in 2023 for a purchase price of 1.7 billion euros. As part of the transaction, the two companies had agreed options that allow Kering to completely take over the fashion house in the coming years.
The current ownership of Valentino will remain unchanged until at least 2028
The time frame of these options has now been modified. According to this, Mayhoola’s sales options, which were originally applied to 2026 and 2027, were postponed to 2028 and 2029. Kering’s purchase option for the remaining Valentino shares that are currently held by Mayhoola was postponed from 2028 to 2029. “Due to this adaptation, the current owner structure of the Valentino house will change at the earliest in 2028,” said Kering. All other contractual conditions regarding the options have remained unchanged.
Both companies also emphasized that they wanted to continue their cooperation at Valentino. “At a time when Valentino has started a new chapter with the appointment of Riccardo Bellini to the CEO, Kering and Mayhoola reaffirm their strategic partnership to support the development of the legendary Italian luxury fashion house and remain fully committed to his long -term success,” says one statement.