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FINANCIAL NEWS
Qatar Fund to buy French fashion brand at USD522mn cost
22 Jun 2016
(MENAFN) Qatar’s Mayhoola investment fund is ready to acquire the French luxury fashion ‘Balmain’ for more than USD522mn.
Furthermore, the deal marks the end of months of negotiations between the Qataris and Balmain investors, who include Sanofi co-founder Jean-Francois.
On the other hand, Balmain produced almost USD146.97mn euros in sales in 2015, and enjoyed sales growth of some 25 percent.
In addition, the figure of USD520.05mn would value Balmain almost 14 times earnings before interest, tax, depreciation and amortization.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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