Gucci's parent company delays the acquisition of the remaining stake in Valentino
Gucci's parent company Kering announced on Wednesday that it will need more time to exercise its option to purchase the remaining stake in the fashion brand Valentino, as it focuses on reducing its debt levels.
The company's statement indicated that Kering must complete the acquisition of the 70% stake in Valentino held by Mayhoola by 2029, which is a one-year delay from the originally agreed timeline
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