Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Valentino Offers $569 Million for Balmain, Reports Les Echos

Italian fashion house Valentino, owned by Qatar's Mayhoola for Investments, has offered €500 million to buy Pierre Balmain, French newspaper Les Echos reported Sunday.
Balmain Autumn/Winter 2016 menswear | Source: InDigital.tv
By
  • Reuters

PARIS, France — Italian fashion house Valentino, owned by Qatar's Mayhoola for Investments, has offered €500 million (about $569 million) to buy Pierre Balmain, French newspaper Les Echos reported Sunday, citing sources.

The French fashion house, led by artistic director Olivier Rousteing, has also received offers from a Chinese group and an American investor, Les Echos said, without providing names.

The heirs of Pierre Balmain's founder, Alain Hivelin, have until Thursday to decide whether to accept one of the three offers, according to Les Echos.

Valentino and Pierre Balmain were not immediately available for comment.

By: Mathieu Rosemain; editor: Susan Thomas.

In This Article

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.

Marine Serre: From Radical to Pragmatist

Serre, who grew sales by 20 percent in 2023, has been named Pitti Uomo’s next guest designer. She’s using the opportunity to show her men’s collection for the first time.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
BoF Professional - How to Turn Data Into Meaningful Customer Connections
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
BoF Professional - How to Turn Data Into Meaningful Customer Connections