Luxury Italian brand reportedly set to acquire Balmain

olamide olarewaju

April 5, 2016 12:17 PM

Balmain is looking to sell to Valentino after being reportedly offered 500 million euros / 569 million dollars to acquire the brand Olivier Rousteing has made a favourite of famous celebrities!

A model for Valentino

Valentino is reportedly set to buy over Balmain.

READ:Balmain designs exclusive pieces for Kim Kardashian's app!

Rumours going around indicates Balmain is looking to sell to the Italian fashion house (Valentino) after being reportedly offered 500 million euros / 569 million dollars (to buy Pierre Balmain)!

The decision is revealed to rest solely on the current heirs of the empire (Pierre Balmain) and not by Olivier Rousteing who has made the (Balmain Army) brand stronger and a favourite of famous celebrities including Kim Kardashian, Kendall Jenner, Jada Pinkett-Smith and more famous names.

READ:Balmain unveil tassels, form fitting details for Pre-Fall 2016 collection

French newspaper Les Echos broke the news and has insisted the brand is likely to sell to Valentino, a decision is reportedly set to be reached before the end of this week.

What would become of the Balmain Army? Olivier Rousteing and his teaming celebrity following and other cool stuff? Fingers crossed for what Valentino plans to do with the brand.

READ:Valentino faces backlash for appropriating 'Black Hair' for Pre-Fall 2016 Campaign

What do you think? Catch an interview with Olivier Rousteing below.

olamide olarewaju