Valentino’s Qatari owners explore IPO
Qatari investment firm Mayhoola For Investments SPC, owners of Italian luxury maison Valentino is reportedly assisted by Rothschild on a potential IPO, which may seek a valuation for Valentino of as much as 2 billion euros ($2.26 billion), the people said, asking not to be identified because the discussions are private.
Mayhoola may sell anywhere from 25 to 35 percent of the business in a share sale as early as the first half of next year, the people said. Deliberations are at a preliminary stage, and Mayhoola may also choose to keep the business, or sell it to a trade buyer, they said.
An official for Rothschild declined to comment. Representatives for Mayhoola and Valentino didn’t immediately respond to requests for comment.
Mayhoola bought Valentino from private-equity firm Permira Advisers in 2012 for about 700 million euros. The fashion house, established in 1960 by designer Valentino Garavani and his business partner Giancarlo Giammetti.