Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Qatari fund takes full control of Pal Zileri

The Qatari investment fund behind Valentino and Anya Hindmarch has acquired a 100% stake in high-end Italian menswear brand Pal Zileri.

Mayhoola Group, which is thought to have close links to the Qatari royal family, first took a 65% stake in Pal Zileri’s parent company Forall Confezioni in 2014 and has now announced that it has bought out Arafa Holding to take full ownership.

Current Pal Zileri CEO Paolo Roviera is leaving the company to join Corneliani and an announcement about his replacement will be made in September.

Mayhoola says it is “actively building” its European fashion portfolio after buying Balmain in a  £372m deal last month.

Quinto Vicentino-based Pal Zileri is planning wholesale and retail expansion in the UK and overseas as a result of the deal.

 

 

 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.