Valentino counting on a 30% increase in 2014

By

Dominique Muret

Published
Oct 1, 2014

Valentino is seeing the future through rose-tinted glasses. After having closed 2013 with a 500 million euro turnover, up 25% compared to 2012, the Italian luxury brand is counting on a 30% jump in its sales for 2014. Such are the forecasts presented by the fashion house's CEO, Stefano Sassi, to the Italian press at the Valention fashion show which took place on 30 September in Paris.

According to Stefano Sassi, the progression of sales at constant scope should reach 20% in 2014, just like the retail sales, also experiencing rapid growth.

The Italian luxury brand, acquired by Mayhoola in 2012, an investment group belonging to the Qatari Royal family, has in particular accelerated its retail expansion with the opening at the beginning of August of a 1,500 m² flagship store on 5th Avenue in Manhattan as well as a flagship store in Hong Kong.

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Moreover, Valentino is getting ready to open at the beginning of 2015 a huge 2,000 m² space in Rome, near the very central and touristy Piazza di Spagna.