Luxury fashion brand Balmain bought by Qatari investment fund
High-end fashion brand Balmain has been bought by Mayhoola for Investments, the Qatari investment fund that also owns luxury label Valentino.
“The transaction comes as demand for luxury goods cools, with consultants Bain & Co estimating global sales will expand at best by 2 per cent this year, the second-weakest rate since 2009.”
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