Two weeks after the death of founder Valentino Garavani, fashion house Valentino is provisionally completing its restructuring with a capital increase of €100 million.
Banks demand intervention
The Italian fashion house Valentino, which is 70% owned by the Qatari investment fund Mayhoola and 30% by the French luxury conglomerate Kering, has taken a crucial step towards recovery. Both shareholders have implemented a €100 million capital injection to address the brand’s financial challenges. The banks insisted on shareholder intervention after the couture brand violated the terms of a €530 million loan.
