Kering now faces the recapitalisation of Valentino — and a legal battle with Coty

Kering now finds itself having to recapitalise Valentino. Together with Mayhoola, the French luxury group will be required to inject EUR 100 million into the historic Roman fashion house, each contributing in proportion to their shareholding, to support its relaunch. But another issue is already looming on the horizon: a company controlled by Coty is…