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