The Qatari fund, owner of Valentino and Balmain among others, is preparing to evolve its scope by beefing up its governance. After a successful career in fashion and luxury goods, Riccardo Bellini becomes CEO, alongside current CEO Rachid Mohamed Rachid.
Mayhoola strengthens its governance to support its new ambitions.
The Qatari royal family’s investment fund has appointed Riccardo Bellini, a luxury goods executive who has successfully worked for Margiela (OTB) and Chloé (Richemont), to the newly-created position of CEO.
Based in Milan and Paris, Riccardo Bellini will be the right-hand man to Rachid Mohamed Rachid, Mayhoola’s CEO.
An evolving portfolio
Mayhoola acquired the luxury fashion houses Valentino in 2012, Pal Zileri in 2014 and Balmain in 2016. Since 2019, it has also owned the Beymen department store chain, Turkey’s leading luxury retailer.
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Read also > Valentino reports sluggish 2023 results
Featured Photo: © Chloé
