Luxury group Kering's partner in Valentino was quick to rule out a newspaper report on Friday that the two were considering selling the Italian fashion label.
Gucci owner Kering SA (EPA:KER) and Qatar investment fund Mayhoola are reportedly mulling the sale of Italian fashion house Valentino. An initial public offer is one of the options being considered for the historic fashion house, Italian newspaper Corriere della Sera reported, citing multiple sources.
Nach dem Wechsel von Luca de Meo an die Kering-Spitze FR0000121485 soll Renault-Finanzchef FR0000131906 Duncan Minto den französischen Autobauer vorübergehend leiten.
Artemis, the holding company of the Pinault family and the leading investor in Kering , is issuing a 400 million euro ($464 million) bond linked to the performance of the French luxury group's shares, Artemis said on Tuesday.
Francois-Henri Pinault, the billionaire heir who has headed up the French fashion house Kering Group for the past 20 years, has picked the CEO of automaker Renault to be his successor. The stock market's reaction?
Reports of de Meo's switch to Kering sent the luxury group's shares up by nearly 12% on Monday, recording their biggest one-day percentage gain since November 2008.
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