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FINANCIAL NEWS
Qatar’s Mayhoola to acquire USD900m Spanish Pepe Jeans
03 Dec 2014
(MENAFN) Qatar’s Mayhoola for Investments SPC is expected to win its bid to acquire the Spanish fashion brand Pepe Jeans, the clothing retailer, after bidding USD900 million for the company which is also selling its menswear brand Hackett, Gulf News reported.
Mayhoola, which in 2012 purchased the iconic Italian fashion house Valentino from Permira for about 870.60 million, is building up a portfolio of high-end brands in Europe after it also purchased the majority of Forall Confezioni, which produces the Italian luxury menswear brand Pal Zileri and holds licenses for Moschino and Cerruti 188.
Pepe, known for its denim and casual wear collections, is majority held by private equity firms Torreal, Arta Capital and L Capital, with the management team has a 30 percent stake in the clothing retailer which sells its products in more than 7.000 multi-brand stores.
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