Gucci-owner Kering is purchasing a 30% stake in Valentino, bringing another large fashion label into its tent and rekindling consolidation in the luxury-goods industry
July 27, 2023 2:18 pm ETA show for fashion house Valentino at the Château de Chantilly near Paris earlier this month.
, the French luxury conglomerate that owns Gucci, is purchasing a stake in Valentino, bringing another large fashion label into its tent and rekindling consolidation in the luxury-goods industry.Continue reading your article with
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Kering to Acquire 30% Of ValentinoThis just in, Kering has acquired 30% of Valentino. The agreement comprises an option for Kering to acquire 100 per cent of the share capital of Valentino no later than 2028. Learn more:
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