Valentino reports first half revenue up 59%
Italian luxury fashion house of Valentino, owned by Qatar’s Mayhoola for Investments, has reported a 59% increase in turnover for the first six months of 2016, to a total of 479 million euros.
Ebitda was as 87,5 milioni di euro. Sales at Valentino directly operated stores increased by 22%. Valentino is opening less stores (25) compared to 2014 taking a more cautionary approach. Europe was the best performing market of Valentino with 40% of company sales, followed by Japan (35%) and the U.S.
Although apparel have increased at a double-digit, over 55% of company sales are covered by leather goods. This year, the company invested its own shoes manufacture in Tuscany, Valentino Shoes Lab.