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 Qatar Mayhoola investment acquired French fashion brand Balmain for $522 million

mayhoola-france.jpgMayhoola for Investments, an investment firm based in Qatar, has agreed to acquire French fashion brand Balmain for $522 million.

Founded in 1914 by Pierre Balmain, it has generated some 130 million euros in sales in 2015 with sales growth of some 25 percent. As DubaiBeat reported back in 2012, Mayhoola also acquired Italian luxury brand Valentino for $850 million.

Mayhoola is listed in the Middle East Investors Directory with the code SIJ72.

More details follows from Reuters

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 Qatar's Mayhoola investment acquired Valentino for $850 million

mayhoola-valentoni.jpgMayhoola for Investments, an investment firm based in Qatar, has agreed to acquire Valentino Fashion Group for around $850 million.

Valentino is the latest Italian luxury brand to be bought by Middle Eastern investors. As DubaiBeat reported earlier, a Dubai firm acquired Italian fashion house Gianfranco Ferré in 2011. Also a UAE investor had bought the French fashion house Christian Lacroix back in 2009.

To see a list of investors from the Middle East similar to Mayhoola check our Middle East Investors Directory

More details follows

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Filed under Mayhoola, Qatar Investors

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