Company name: Balmain
Year founded: 1946
Balmain is a French fashion house that was founded by Pierre Balmain in 1946. In 2016 Mayhoola for Investments, an investment fund backed by the emir of Qatar, acquired Balmain for reportedly close to €500 million ($563 million). In April 2009 Olivier Rousteing joined the company, after attending a prestigious French fashion school and working under Roberto Cavalli. At the time of his appointment, Rousteing was a relatively unknown designer, and has brought a much-needed fresh take on the brand’s aesthetic that remains to this day. He was credited with adding an Asian influence to the clothing, as Asia comprises a huge part of the brand’s buyers.
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