Balmain (fashion house)

Pierre Balmain S.A.
Company typeSociété Anonyme
IndustryFashion
Founded1945; 79 years ago (1945)
FounderPierre Balmain
Headquarters
Paris
,
France
Area served
Worldwide
Key people
Olivier Rousteing, Head Designer
ProductsHaute couture, ready-to-wear, perfume, jewellery
OwnerMayhoola for Investments
Websitewww.balmain.com

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.[1] Additional flagship locations are in Tokyo, New York City, London, and on Via Montenapoleone in Milano.[2][3] 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.[4]

Balmain was acquired by Qatari Crown investment firm Mayhoola for Investments for a figure reportedly close to €500 million ($548 million) in 2016.[5] 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.[6][7] Balmain expected to reach a revenue of €150 million in 2017, 90% of which is generated by the wholesale channel, and is also putting more effort into direct retail.

  1. ^ "Here's an Exclusive Look inside Balmain's New Luxurious Paris Flagship Store". Highsnobiety.
  2. ^ Muret, FashionNetwork.com, Dominique. "Balmain to leverage Olivier Rousteing's pull in ambitious expansion drive". FashionNetwork.com. Retrieved January 26, 2018.{{cite news}}: CS1 maint: multiple names: authors list (link)
  3. ^ Feser, Katherine (August 10, 2023). "Bedding store Boll & Branch, French boutique Balmain debut Houston stores". Houston Chronicle. Retrieved October 22, 2023.
  4. ^ Lockwood, Lisa (August 7, 2023). "Balmain Opens Store in Phipps Plaza in Atlanta". WWD. Retrieved October 22, 2023.
  5. ^ Valentino’s Qatari Owners Acquire Balmain JUNE 22, 2016
  6. ^ "Inside Balmain's Digital Revolution". March 19, 2015.
  7. ^ "Valentino's Parent Company Confirms Purchase of Balmain". Fashionista. Retrieved January 26, 2018.