balmain Wool sweater with Balmain Paris logo Grey
Merino wool sweater Long sleeves, ribbed finishes, crew neck, Balmain Paris logo
Description
Material: 100% Merino wool
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Balmain
Pierre Balmain S.A. trading as Balmain, is a French luxury fashion house that was founded by Pierre Balmain in 1945. It operates 16 monobrand stores, including locations in New York City, London, Los Angeles, Las Vegas, Miami, and in Milan's Via Montenapoleone.
In 2016, Mayhoola Investments acquired Balmain for a figure reportedly close to €500 million ($548 million). 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 which is generated by the wholesale channel, and is also putting more effort into direct retail.
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