Fashion house Balmain sold to the Qatari Foundation Mayhoola
22.06.2016 2828

Fashion house Balmain sold to the Qatari Foundation Mayhoola

The luxury Balmain House will become Qatari. Mayhoola Investment Fund, which is supported by the royal family of Qatar, and which also owns the Italian fashion brand Valentino, acquires the French fashion house Balmain. “Upon completion of the transaction, Mayhoola will own 100% of Balmain's shares,” comments the company, which is servicing the merger and acquisition transaction of Bucephale Finance.

The French newspaper Les Echos, in its report on the deal, said that the Qatari fund offered 485 million euros for Balmain, which today belongs to the heirs of the former CEO of Balmain, Alain Ivlene, who died in December 70, the remaining 2014% are in property management company.

Qatar has offered a price higher than the company originally estimated - 300-400 million euros. This is the second luxury brand that becomes the property of the Qatari foundation; Italian brand Valentino was acquired by Mayhola in 2012.

Fashion house Balmain was founded in 1945 by designer Pierre Balman, and in recent years has changed owners several times. Over the years, the company has experienced financial difficulties.

In 2005, Christophe Descarnenne, who was creative director with Paco Raban, joined the fashion house team, he gave the brand a new life, attracting movie stars Marion Cotillard and Gwyneth Paltrow to cooperation.

Since 2011, the creative director of Balmain has been Olivier Rustan.

Balmain luxury house will become Qatari. Mayhoola Investment Fund, which is supported by the Qatari royal family and also owns the Italian fashion brand ...

Latest News

Paul Andrew appointed creative director of Sergio Rossi

Paul Andrew has become the new creative director of the Italian luxury footwear brand and will present his first collection for Sergio Rossi in the Fall '25 season. Andrew will oversee all Sergio Rossi shoe lines, including men's...
24.07.2024 112

Vietnam increases exports of leather, shoes and bags

According to the Vietnam Association of Leather, Shoes and Bags (Lefaso), by the end of the year, the volume of exports of leather, shoes and bags from Vietnam could reach $26–$27 billion, writes...
24.07.2024 106

Fashion balance

Successful sales in customer stores of shoes from the CAPRICE SPRING/SUMMER 2024 collection became the key to a successful start of sales of the SPRING/SUMMER collection...
23.07.2024 536

LIMÉ opened a flagship in a mansion on Kuznetsky Most

The flagship store of Russian clothing retail LIMÉ opened on five floors of an old mansion built in 1903 on Kuznetsky Most Street in Moscow. The store occupied the space of the former Nike flagship. And even earlier in the 1940s. Here…
23.07.2024 530

Rendez-Vous launched cross-promotion with Ile de Beaute

Russian shoe retailer Rendez-Vous continues to launch cross-promotions with different companies from the retail sector. One of Rendez-Vous’s regular partners is the cosmetic chain “Ile de Beaute.” Two brands...
23.07.2024 533
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning