Artémis, the investment arm of the
Pinault family, announced on Thursday it has reached an
agreement to buy a minority stake in Maison Valli, which was
created by Italian fashion designer Giambattista Valli in 2004.
The agreement aims to develop Maison Valli and includes the
possibility of acquiring control of the fashion house at a later
stage, the two companies said in a statement.
The financial terms of the deal have not been released but
Artémis could acquire one-third of the capital by 2020 and
become a majority shareholder by 2021, according to unconfirmed
reports.
The brand is distributed through global retailers and
Giambattista Valli stores in Milan, Paris, Saint Tropez and
Seoul.
The Pinaults control France's second-largest luxury group,
Kering, which includes Gucci, Bottega Veneta, Balenciaga, Saint
Laurent and Alexander McQueen.
Valli, a 51-year-old Roman, founded his fashion house in 2004
after stints at Fendi, Krizia and Emanuel Ungaro, where he
worked as creative director.
He produces both ready-to-wear and haute couture collections,
which he shows in Paris, and a junior line, Giamba, which he has
debuted in Milan.
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