Three years after the pharaonic acquisition, the Qatari royal family made the first proceeds from the operation Valentino.
A few days ago the assembly of the Valentino Fashion Group approved the distribution of a dividend of 30 million euros for MFI luxury, the sub-holding of the emirs of Qatar, sole shareholder of the maison.
First important signal for the Mayhoola for investments, the investment finance company of Sheikha al Mayassa Hamad bin Khalifa, sister of the current emir sheikh Tamim bin Hamad al Thani, the man who leads the small state of the Arabian peninsula and who founded, among other things, Qatar Sport Investments , the company that owns the Paris Saint Germain team.
There has been much talk of the huge financial outlay made by Mayhoola for investments in 2012 to acquire the Valentino maison: about 700 million euro, no less than 25 times the gross operating margin of the Valentino brand in 2011. The move, which initially seemed crazy, is starting to bear fruit if it is true that the 2014 balance sheet closed with over 650 million euros and a profit exceeding 7 million. In two years, Valentino's handover from Red&Black to the Qataris has led to a decisive trend reversal in the accounts of the maison which in 2011 had recorded a red loss of almost 30 million and in 2012 -60,97 million.
