VALENTINO acquired by KERING
Context
Kering has agreed to acquire a 30% shareholding in Valentino from Mayhoola. The agreement comprises an option for Kering to acquire 100% of the share capital of Valentino no later than 2028. The transaction is part of a broader strategic partnership between Kering and Mayhoola, which could potentially lead to Mayhoola becoming a shareholder in Kering in the future. Kering will appoint representatives to the Board of Directors of Valentino. This move aims to support Valentino's brand elevation strategy while reinforcing Kering's position in the ultra-luxury segment.
It is worth noting that the fund Mayhoola took control of Valentino through an LBO in 2012.
VALENTINO, which reported an EBITDA margin of [members only] in 2022, is valued in this transaction at an EV/EBITDA multiple of 15x–25x, representing a premium to the average currently observed in the Retail & Consumer sector (11.9x).
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Target
Founded in Rome in 1960 by Valentino Garavani, Valentino is one of the world's most renowned luxury houses. The brand is deeply rooted in Haute Couture and offers a wide range of ready-to-wear, leather goods, and accessories. Under the ownership of Mayhoola (since 2012) and the leadership of CEO Jacopo Venturini, the brand successfully executed an elevation strategy, focusing on its heritage and red-carpet presence. In 2022, Valentino operated 211 directly operated stores in over 25 countries and generated €1.4 billion in revenue.
Ent. Value
€1–10bn
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
15x–25x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with VALENTINO
Other operations with VALENTINO
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2012 | MAYHOOLA | VALENTINO | ITALY | Fashion & Leather Goods |
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REFERENCES
Valuation range: EV €1–10bn
Revenue range: €1–10bn
EBITDA range: €250–500M
EV/Revenue range: 2x - 6x
EV/EBITDA range: 15x - 25x
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: valentino
Acquirer: kering