Kering Acquires Minority Stake in Valentino, Forms Strategic Partnership with Mayhoola
- Kering purchased a 30% stake in Valentino for €1.7 billion, with an option to acquire full ownership by 2028.
- The deal is part of a strategic partnership between Kering and Mayhoola, Valentino's current majority owner.
- Mayhoola will retain 70% ownership of Valentino and may become a Kering shareholder.
- The acquisition aims to boost Kering's revenue as its star brand Gucci struggles with stagnant sales.
- Valentino will continue operations under current leadership and benefit from Kering's expertise in transforming fashion brands.
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