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Kering and investment fund Mayhoola have agreed to inject €100 million ($117 million) into Valentino to shore up the Italian fashion house’s finances after it breached loan covenants earlier this year, according to a corporate document and two sources familiar with the matter.
Valentino is controlled by holding company MFI Luxury Srl, in which Qatar-backed Mayhoola holds a 70 percent stake and French luxury conglomerate Kering owns the remaining 30 percent.
Kering acquired the stake in…
