Valentino first quarter revenue increases 9,4%
Valentino reports revenue in the first quarter increased by 9.4 percent to 256 million euros compared with 234 million euros in the first quarter of 2015. The exchange rate impact has been irrelevant; all markets have experienced positive growth, with double digit increases in the US and Japan, the company said.
Valentino said it will reduce prices in Asia from Friday, while prices in Europe remain unchanged. In a statement, the company said today it has decided to significantly reduce the price gap between European, Greater China and South East Asian markets. European prices will not change while Asia prices will be reduced. The strategy is aimed at strengthening the brand image and global quality distribution, Valentino said.