Is Hedi Slimane Looking For An Investor For His Namesake Fashion House?
Today, we’re hearing that Hedi Slimane may be looking for an investor to back in namesake fashion house.
According to WWD, Slimane “was recently spotted at the Mayhoola for Investments offices in Doha.” It is being reported that the Qatari-based fund is eyeing a further growth of its luxury and fashion portfolio.
According to a market source, “the designer may have discussed funding of his own line with Mayhoola.”
Mayhoola already controls Valentino and Italian men’s wear brand Pal Zileri and has a stake in accessories label Anya Hindmarch. On April 4, we reported that Valentino, which is owned by members of the Qatari royal family, has reportedly put forth an offer of €500 million (roughly $569 million) to buy Pierre Balmain (see it here).
The source speculated that a potential arrival of Slimane at either Balmain or Valentino was less likely.
What do you think about a possible Hedi Slimane brand?
In the beginning of the year, donbleek.com exclusively reported that news broke in Paris (traveling to the states), saying that Saint Laurent‘s creative director Hedi Slimane “departed from the house over the holiday due to creative differences”. The brand’s U.S. PR team, confirmed that Slimane has not left the label back then. A Saint Laurent representative in Paris said, “Following the recent [designer] departures, [there] have been many rumors and speculations. This is clearly one more” (see our original report here).
A few days after reporting our original story, we reported another story saying that “Slimane may be poised to make his second exit from Yves Saint Laurent,” via WWD . The publications said, according to their sources, “the designer has so far failed to reach an agreement on the renewal of his initial contract with the Kering-owed fashion house and is preparing to part ways with a brand he revved up with his rock ‘n’ roll-inspired fashions and a top-to-bottom reform of the storied house.”
Then on (April 1), news broke in Paris saying that Hedi Slimane is making his second exit from the creative helm of Yves Saint Laurent. The news was officially confirmed in a brief joint statement issued by Yves Saint Laurent and Kering, the luxury group which owns the French house (see it here).
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