Valentino Is Working on a Potential IPO
Following the recent trend of luxury fashion brands going public.
The Qatari owners of the Italian fashion house are currently exploring the possibility of releasing an initial public offering for Valentino Fashion Group SpA. Although discussions of the matter are currently tight under wraps, Bloomberg Business has reported that the investment firm Mayhoola For Investments SPC has estimated a valuation of as much €2 billion EUR (approximately $2.27 billion USD). As of last Friday, Valentino has announced that they are working with financial advisers on a public company structure. Although a trend has been noticeable over the last few years, with numerous luxury fashion brands turning to the public markets in order to increase capital, Prada SpA currently has the record as the largest IPO in the apparel sector within the last decade.
