Valentino considering IPO listing

By

Dominique Muret

Published
Oct 9, 2015

Valentino may soon be back on the stock market. According to Bloomberg, Mayhoola, the investment firm owned by the reigning family of Qatar, which bought the fashion house in 2012 for approximately 700 million euros, is working with Rothschild on the potential IPO, which may seek a valuation for Valentino of as much as 2 billion euros ($2.27 billion).

Mayhoola may sell anywhere from 25 to 35 percent of the business in a share sale as early as the first half of next year, sources for Bloomberg said. However, there has not yet been any confirmation from either Rothschild, Valentino or Mayhoola and the latter may even decide to hold onto the company or sell it.
 
After having closed 2014 with 664 million euros in revenue, Valentino is expecting the number to reach 1 billion euros this year. In its first half-year, sales jumped 59%, reaching 478 million euros, compared to 301 million the year before.

The label reported an EBITDA of 87.5 million, compared to 46.7 million on 30 June 2014 (+87.3%), representing 18.3% of the total revenue.