24.06.2016 - Can a new owner take ‘Balmania’ to the next level?
So, Mayhoola for Investments — the Qatari sovereign wealth fund that owns Valentino, Anya Hindmarch and Pal Zileri, and that is backed by Qatar’s royal family — has bought Balmain, the Paris fashion house backed by the Kardashians (well, not exactly backed, but they are its biggest cheerleaders). This could have big repercussions on what we all wear. Since 2005, when the designer Christophe Decarnin transformed the couture house to haute rock ‘n’ roll hotness, Balmain has been a brand whose buzz — with its own name, “Balmainia” — is significantly bigger than its bite of the market...............................................Full Article: Source
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