2014, a landmark year for Valentino
With the upcoming grand opening of major flagship store in Rome, New York and Hong Kong, 2014 marks a landmark year in the history of the house of Valentino. Valentino Spa, which is owned by Qatar’s Mayhoola has recently reported exceptional financials for 2013: turnover of 488 milion euros (+ 25%), ebitda of 65 milion euros and a net profit of 36 million euros (compared to 15 million euros in 2012). As for regional results, Europe saw an increase in sales for Valentino of 25%, the U.S. of 21% and Asia Pacific of 70%.
Valentino’s new flagship stores will be located in landmark locations: in Rome in piazza Mignanelli (overlooking Piazza di Spagna), in New York on Fifth Avenue and in Hong Kong on Canton Road. Each store will cover over 1,000 sqm and will embody the latest retail concept by David Chipperfield.