Balmain (fashion house)

Uncommon card · No. 184832

Pierre Balmain S.A. (French: [balmɛ̃]), trading as Balmain, is a French luxury fashion house that was founded by Pierre Balmain (1914–1982) in 1945. It operates over 50 stores. Its primary flagship is located on Rue Saint-Honoré in Paris. Additional flagship locations are in Tokyo, New York City, London, and on Via Montenapoleone in Milan. This includes six stores in the United States including in on Madison Avenue in New York City, Bal Harbour, Las Vegas, and Melrose Place in Los Angeles. Balmain was acquired by Qatari Crown investment firm Mayhoola for Investments for a figure reportedly close to €500 million ($548 million) in 2016. Prior to the deal, Balmain was 70 percent controlled by heirs of Alain Hivelin. The company does not regularly release financial information, but Les Echos estimated its revenue in 2015 at €120 million (about $136 million), growing from an estimated €30 million (about $34 million) in 2012. Balmain expected to reach a revenue of €150 million in 2017, 90% of...

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