Qatari Investment Fund Buys Balmain For £372 Million | Fashion News
French fashion label Balmain, a firm favourite with the likes of Kim Kardashian, Gigi Hadid and Kanye West, has been sold to a Qatari investment fund for a reported £372 million. Alongside Balmain, the company also owns Italian label Valentino.
Balmain has gone from strength to strength during the reign of Artistic Director, Olivier Rousteing, who took over at the age of just 25. But it hasn’t always been plain sailing for the brand, with periods of financial difficulty in the past.
It’s thought that the new buyers will allow the brand to accelerate its development by opening more stores abroad. With a recent sell-out collaboration with H&M and multiple celebrity endorsements, it looks like Balmain will continue to be a huge success.
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