Kering Buys 30% Stake in Luxury Brand Valentino
28 July 2023 - 2:39AM
Dow Jones News
By Maitane Sardon
Kering said Thursday that it is buying a 30% stake in Italian
fashion brand Valentino for 1.7 billion euros ($1.88 billion) in
cash.
As part of the agreement with investment fund Mayhoola, Kering
has the option to purchase the whole of Valentino's share capital
no later than 2028.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
July 27, 2023 12:24 ET (16:24 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Kering (EU:KER)
Historical Stock Chart
From Mar 2024 to Apr 2024
Kering (EU:KER)
Historical Stock Chart
From Apr 2023 to Apr 2024
