By  on February 6, 2020

MILAN — Mayhoola is eyeing an expansion of its fashion luxury portfolio.

While market sources for months contended that the Qatari fund was mulling a retreat from the sector, Valentino’s chief executive officer Stefano Sassi said Thursday that the Rome-based couture house is only “the starting point.” The brand’s owner, Sassi affirmed, has “no intention to sell Valentino. The rumors about a sale are not true. We want to develop this business, and Mayhoola is a long-term shareholder that is supporting our expansion and it has ambitions to increase its presence in the sector. I don’t rule out other acquisitions. Mayhoola is keeping an eye on other market opportunities.”

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