Mayhoola news and archive

Valentino reports 2025 revenues of 1.12 billion

Valentino, controlled by Qatari fund Mayhoola (70 percent) and with Kering holding a 30 percent stake, has closed 2025 with 1.12 billion euros. According to the balance sheet filed by the fashion house, as reported by Il Sole 24 Ore, revenue stood at 1.12 billion euros. This represents a decrease of 15 percent compared to the previous year. The...

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Rachid Mohamed Rachid: How a former Egyptian minister is shaping global luxury fashion

The fashion world is illustrious, not only on the catwalks and backstage during fashion weeks. The biographies of the industry's CEOs can be equally dazzling, such as that of Valentino's chairman, Rachid Mohamed Rachid. From engineering student to minister of trade Rachid was born in 1955 in the Egyptian city of Alexandria. The son of a merchant...

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Kering postpones call option for Valentino

French luxury group Kering and Qatari investment firm Mayhoola have revised their agreement regarding the ownership structure of Italian fashion house Valentino. Both parties announced on Wednesday that Valentino's ownership structure will remain unchanged until at least 2028. Mayhoola currently holds 70 percent of Valentino's shares. Kering...

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Valentino appoints CEO for Japan and Korea

Valentino has appointed a new chief executive officer for its Japan and Korea markets. Tokyo-based Masumi Shinohara will report to the company’s chief commercial officer Marco Giacometti, and will be tasked with growing the brand in two of its key Asian territories. Shinohara is an industry stalwart, having previously been a director at...

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Valentino’s owner buys Balmain for 485 million euros

Mayhoola, the Qatar’s sovereign fun has just acquired the French fashion house Balmain, The group already own Italian luxury powerhouse Valentino. “After completing this transaction Mayhoola for Investments will hold 100 percent of Balmain’s capital,” said the merger and acquisitions company Bucephale Finance, reported Reuters. As published by ‘...