Qatari fund takes full control of Italian men’s fashion brand Pal Zileri

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

The Mayhoola Group 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 will leave 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.

Courtesy: drapersonline.com

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1 comments

By muad-db• 31 Jul 2016 04:45

This is a wise investment.. Joys

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Qatari fund takes full control of Italian men’s fashion brand Pal Zileri

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