Kering: Valentino Will Not Change Hands Before 2028
In a strategic move that has set the fashion industry abuzz, Kering, the French luxury group, has announced that Valentino will not be changing ownership before 2028. This decision comes as the first significant action taken under the leadership of Kering’s new CEO, Luca de Meo. The move signals a long-term vision and commitment to nurturing Valentino’s growth and maintaining its position as a powerhouse in the world of fashion.
The decision not to fully acquire Valentino from the Qatari fund Mayhoola until at least 2028 showcases Kering’s strategic planning and patience in building a strong portfolio of luxury brands. By choosing to wait before consolidating ownership, Kering is demonstrating a focus on sustainable growth and long-term success rather than opting for quick acquisitions that may not align with the company’s overarching goals.
Valentino, founded in Rome in 1960 by Valentino Garavani, has established itself as a leading luxury fashion brand known for its timeless elegance and innovative designs. Under the ownership of Mayhoola, Valentino has continued to flourish, expanding its global reach and captivating audiences with its exquisite collections.
With Kering’s decision to delay full ownership until 2028, both Valentino and Kering have the opportunity to further solidify their partnership, allowing Valentino to maintain its autonomy and creative direction while benefiting from Kering’s resources and expertise in brand management and global expansion.
Luca de Meo, who took the helm as CEO of Kering in December 2021, brings a wealth of experience in the luxury sector, having previously served as the CEO of Groupe Renault and SEAT. His leadership and strategic vision are expected to guide Kering and its portfolio of brands, including Valentino, towards continued success and innovation in the ever-competitive world of luxury fashion.
As the fashion industry continues to evolve, with changing consumer preferences and market dynamics, Kering’s decision to hold off on full ownership of Valentino until 2028 positions both companies for sustainable growth and collaboration. By allowing Valentino to retain its independence while benefiting from Kering’s support, the stage is set for a fruitful partnership that leverages the strengths of both entities.
In conclusion, Kering’s announcement that Valentino will not change hands before 2028 reflects a thoughtful and strategic approach to brand management and long-term growth. With Luca de Meo at the helm, Kering is poised to steer Valentino towards continued success and innovation, ensuring that the iconic fashion house remains a dominant force in the global luxury market for years to come.
luxury, fashion, Kering, Valentino, Luca de Meo
