Qatar’s Mayhoola to acquire Pal Zileri

Qatar’s Mayhoola Investment, owners of Valentino, are reported by Italian media to be in advanced negotiation for the purchase of a 65 percetage stake in privately owned luxury menswear house of Pal Zileri (Gruppo Forall). Pal Zileri reported a turnover of 150 million in 2012, with no data reported for 2013. The company has been looking for a strategic partner since 2008 to finance global retail expansion, especially through directly operated stores.

Pal Zileri recently opened store in Berlin on Kurfürstendamm