Qatar’s Mayhoola finalizes acquisition of Pal Zileri
Qatari fund Mayhoola, an investment vehicle linked with the Qatari Royal family, which also owns Valentino, today announced that it had completed its purchase of 65% of Forall Confezioni, the company that owns Italian luxury menswear brand Pal Zileri brand.
Mayhoola has now appointed luxury fashion veteran Adriano Regondi to the company’s chairmanship. Regondi was responsible for growing Valentino after Mayhoola took over the brand in 2012 and is expected to do similar work for Pal Zileri. Arafa Holding will continue to hold 35% of the Forrall vehicle, which also holds licenses for Moschino and Cerruti 1881.