Balmain to have a new owner

France
Published:  06 April, 2016

The Paris based designer brand has received three different acquisition offers, including from Italian fashion house, Valentino.

Owned by Qatar's Mayhoola for Investments, the Qatari royal family, Valentino is said to have offered €500 million to acquire Pierre Balmain, whose annual revenue is estimated at around €30 million.

Two other unnamed investors from China and the U.S are also said to have made an offer to the heirs of Balmain's former chairman and majority owner, Alain Hivelin.

Pierre Balmain’s leather shoe collections are manufactured by Stella International Holdings.