Luxury group Kering is to invest €1.7 billion in fashion brand Valentino; this will buy the group a 30% stake in the brand.

Qatari-based investment group Mayhoola will retain the other 70% of shares in Valentino but the new agreement includes an option for Kering to acquire 100% of the share capital of Valentino by 2028.

This transaction is part of a broader strategic partnership between Kering and Qatar-based investment group Mayhoola, which could lead to Mayhoola becoming a shareholder in Kering. Mayhoola acquired Valentino in 2012.

The brand was founded in Rome in 1960. It has 211 directly operated stores in more than 25 countries and recorded revenues of €1.4 billion in 2022.

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