share

Valentino is reportedly looking to buy Balmain

The Italian company is rumoured to be one of three potential buyers

By Verinia Khoo | Published: 5 Apr 2016

Balmain to be sold
Photo: balmain/Instagram

Word has it that Valentino is offering $569 million (approx. RM2.2 million) to buy Balmain, the brand beloved by the Kardashians and helmed by creative director Olivier Rousteing.

According to French newspaper Les Echos, there are two other potential buyers; a Chinese group and an American investor are also trying to acquire the brand. The heirs of the late owner of Balmain, Alain Hivelin, apparently have until Thursday to make a decision about the three offers.

Related: Valentino's new mannequins look so much like Derek Zoolander and Hansel
Related: Balmain is launching a children's line
Related: Claudia, Naomi and Cindy star in Balmain SS16 campaign


Most Popular

Advertisement

MORE, MORE, MORE

ELLE Bridal Awards

ELLE Bridal Awards

ELLE and Sė Sposa Italia Collezioni introduce the first ever ELLE International Bridal Awards

ELLE Instagram
MCM Mitte Brocade

MCM Mitte Brocade

Watch the craftsmanship that goes behind this covetable statement piece

BFA 2016 winners

BFA 2016 winners

Gucci, Demna Gvasalia, and Gigi Hadid were a few of the night's big winners

Advertisement
ELLE Instagram