Valentino expects to close 2014 with an impressive 30% growth
On the eve of the Valentino Spring Summer 2015 in Paris, Stefano Sassi, CEO Valentino confirmed his company expects to close 2014 with a 30% growth(20% at current exchage rates). Last month, Valentino opened its largest flagship store worldwide, in New York, on Fifth Avenue (1,500 sqm) and is preparing to soon inaugurate its new store n Hong Kong on Canton Road.
In the first quarter of 2015, Valentino is opening a new 2,000 sqm flagship store in Rome (its home town) in the city’s famed Piazza di Spagna. In 2013, already under its new owners, Mayhoola for Investments, a Qatari investment group, Valentino reported a 25% turnover increase, compared to 2012, reaching a total of 300 million euros.