Reported about 6 hours ago
Kering and Mayhoola have amended their agreement regarding the acquisition of Valentino, delaying the ownership changes until at least 2028. The existing structure will remain intact longer, with Mayhoola's options to sell its 70% stake now pushed to 2028 and 2029. Kering aims to address its significant debt under newly appointed CEO Luca de Meo, while Valentino's recent performance has shown declining revenues.
Source: YAHOO