The Italian luxury label closed 2018 with a revenue of approximately €1.2 billion, growing at a slower rate than before. All of Valentino’s markets are thriving in early 2019, except for Macao and Hong Kong.
The Camera Nazionale della Moda Italiana has re-elected Carlo Capasa as its president for a two-year term. This is the third time that Capasa has been elected as president of the Camera, Italian fashion's governing body.
Italian fashion house Valentino aims to sell around a quarter of the company in an initial public offering (IPO) which will not take place before the second half of 2018, a source close to the matter said.
Balmain has named Massimo Piombini to be its new CEO, changing chief executive nine months after the French house was acquired by a Mayhoola for Investments, an investment vehicle controlled by the Qatari royal family.