10 774
Fashion Jobs
BOBBI BROWN COSMETICS
Bobbi Brown | Area Sales And Education Manager | Central London
Permanent · LONDON
BOOTS
Global Product Manager, no7 Skincare
Permanent · LONDON
BOOTS
Optical Consultant
Permanent · LONDON
BOOTS
Senior Ecommerce Executive
Permanent · LONDON
PEOPLE MARKETING
Men's OR Womenswear Sales Manager / New Business Developer
Permanent · LONDON
PEOPLE MARKETING
Junior Account Manager
Permanent · LONDON
NEW BALANCE
Emea Sports Marketing Manager - Running
Permanent · WARRINGTON
QVC
Buying / Merchandise Administrator - Beauty Ftc
Permanent · LONDON
PENTLAND
Assistant Retail Marketing Manager
Permanent · SUNDERLAND
JOHN LEWIS
Supplier Direct Coordinator
Permanent · MILTON KEYNES
WAITROSE
Warehouse Partner
Permanent · AYLESFORD
JOHN LEWIS
Cdh Porter (Installer)
Permanent · LEEDS
JOHN LEWIS
Loss Prevention Partner
Permanent · LONDON
JOHN LEWIS
Cdh Porter (Technician)
Permanent · LONDON
OPTICAL EXPRESS
Waiting List Coordinator
Permanent · GLASGOW
OPTICAL EXPRESS
Waiting List Coordinator
Permanent · GLASGOW
THG
us Payroll Manager ($110 – 130k)
Permanent ·
NEXT
Stock Manager - Bury st. Edmunds
Permanent · BURY ST EDMUNDS
NEXT
Sales Manager - Southend-on-SEA, Airport Retail Park
Permanent · SOUTHEND-ON-SEA
NEXT
Delivery Manager - Southend-on-SEA, Airport Retail Park
Permanent · SOUTHEND-ON-SEA
NEXT
Stock Manager - Southend Airport Retail Park
Permanent · SOUTHEND-ON-SEA
NEXT
Sales Manager - Southend-on-SEA, Airport Retail Park
Permanent · SOUTHEND-ON-SEA
Published
Mar 3, 2016
Reading time
2 minutes
Download
Download the article
Print
Text size

Valentino wraps up 'exceptional' 2015

Published
Mar 3, 2016

Valentino reached close to €1 billion in 2015. The fashion label's CEO, Stefano Sassi, stated to Italian financial daily Il Sole 24 Ore, a few days ahead of Valentino's show scheduled on Tuesday 9th March in Paris, that "For the brand, 2015 was an exceptional year: revenue increased by 48% to €987 million, EBITDA skyrocketed, nearly doubling and reaching €180.2 million, compared to €98.5 million previously, and was equivalent to 18.3% of total sales, compared to 14.8% in 2014."

Valentino's haute couture line for summer 2016 - © PixelFormula


"EBIT grew from €43 million in 2014 to €104.4 million a year later. And for this year, despite the fact that markets are troublesome, the minimum objective is still that of double-digit growth," further stated the boss of the Italian luxury label, which was acquired in 2012 by Mayhoola, an investment company belonging to the Qatar royal family. At the time, Valentino's revenue was €370 million.

According to Stefano Sassi, four factors explain these results: store growth in like-for-like terms, a 20% rise by a retail network which now accounts for 55% of total sales; the excellent results constantly generated by the wholesale channel; the opening of between 20 and 30 new stores in 2015; and finally, as for all fashion labels, a favourable exchange rate effect.

The other key factor of success for Valentino was the accessories category, whose weight rose from 30% of revenue a few years ago to 55% today. Menswear, "a tiny segment only three years ago, ensures significant opportunities for the future," and was worth €100 million in 2015, exactly like the Red Valentino youth line.  

Valentino's creative directors, Maria Grazia Chiuri and Pierpaolo Piccioli


The group operates 160 mono-brand stores and generates 90% of sales outside Italy. Between 2013 and 2015 it invested significantly in the retail channel, to the tune of nearly €250-€300 million. This year, the pace of new openings is expected to slow down.

Valentino recently inaugurated a flagship store in London's Bond Street, and is planning other openings in the second part for the year, notably in Germany, in Honolulu, USA, and in Tokyo's Omotesando district.

As for the group's Stock Exchange flotation, asked for by Mayhoola, it is not in the cards for 2016.
 

Copyright © 2024 FashionNetwork.com All rights reserved.