Qataris buy Balmain
A Qatari investment fund, already owner of the Italian Valentino label, will take over French luxury fashion house Balmain, which has become a favorite of film stars, the advisor for the acquisition announced on Tuesday.
The French fashion house was started in 1945 by designer Pierre Balmain and has passed through several hands and periods of financial difficulty over the years.
“Balmain...hopes to follow the same trajectory (as Valentino) thanks to its expansion in the Middle East and the United States,” French financial daily Les Echos reported.
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