- Angela Gonzalez-Rodriguez |
Italian high-end fashion house Valentino has revised and simplified its corporate structure. The process began in July, when the fashion house, owned by Mayhoola Investment, launched an internal reorganisation.
As the group explained, the plan is to merge with Valentino Fashion Valentino SpA, in a practice known as 'reverse merger' operation.
The plan includes a review of stock options to management at Valentino Fashion Group SpA, an increase of the share capital of the latter, and the issuance of up to 14,161,000 stock options.
VFG (Valentino Fashion Group) was founded in 2005 when the company was still owned by the Marzotto family. Its creation was due to the will of the former owners of dividing the textile business from those more directly related to fashion.
The fashion powerhouse, now fully under the control of Mayhoola.