Kering and Qatari investment firm Mayhoola are reportedly considering selling Italian fashion house Valentino. The potential sale comes at a time when Kering is struggling with the declining demand for luxury products.
Early decision
The French luxury group acquired a 30 % stake in Valentino in 2023, with an option to take over the remaining 70 % by 2028 at the latest. The acquisition was intended to provide the group with a second flagship in the couture segment, alongside the struggling flagship Gucci.
