Balmain sold to Mayhoola for EUR 500m EV
Pierre Balmain, the French family-owned fashion house, has been acquired by Qatar-based group Mayhoola, controlled by Sheikha Mozah, married to the previous emir of Qatar, French daily Le Figaro reported.
The unsourced report said the bid valued the target at EUR 500m. Mayhoola already owns Italian fashion house Valentino.
Balmain generates annual revenues of EUR 120m.
Le Figaro