On July 27, Kering announced that they will acquire a 30% stake in Valentino from Qatari investment firm Mayhoola, the parent company of Valentino, for a cash consideration of €1.7 billion.
Tag: KERING
Italian fashion house GUCCI and its parent company Kering have announced the appointment of Italian designer Sabato de Sarno as their new creative director, succeeding Alessandro Michele.