Valentino CEO – too early for the company to be sold
In an interview to Italian media, Stefano Sassi, CEO of the Italian luxury house of Valentino confirmed several foreign investors (non-Italian) have shown interest to purchase the company, which is owned by Permira investment fund. ”The company will definitely be sold eventually, but that time has not come yet” said Sassi. Valentino, which registered a 17,5% increase in its turnover in 2011, reaching 322 million euros, has embarked on a major development strategy, on a long term basis.
This week, the company inaugurates in Milan its brand new store concept, designed by British architect David Chipperfield, together with Valentino’s creative team Maria Grazia Chiuri and Pier Paolo Piccioli. Sassi also outlined that Valentino’s business model is unique, given the company’s commitment to its Italian heritage and craftsmanship as well as management by Italian professionals.