Qatar-backed Mayhoola denies reports of selling Valentino, refuting Italian newspaper claims. Kering shares rise then fall after the news. Kering bought 30% of Valentino for $1.7 billion in 2023, facing pressure from investors due to the luxury sector’s slowdown. Kering could spend four billion euros to complete the Valentino deal.

Valentino’s future uncertain as Mayhoola may exercise put options by 2026, costing Kering four billion euros. Valentino Bags Lab Srl under court administration. CEO on sick leave. Revenues dropped 2% at 1.31 billion euros last year. Designer Alessandro Michele named creative director.

Concerns over Valentino’s future grow as CEO on sick leave and revenues drop. Kering faces pressure to finalize deal, potentially costing four billion euros. Valentino Bags Lab Srl under court administration. Designer Alessandro Michele now creative director.

Read more at Yahoo Finance: Qatar-backed Mayhoola denies report it is considering Valentino sale with Kering