VALENTINO reports healthy performance
Italian fashion house Valentino has reported a revenue boost of 24% for the first half of 2011. The Italian label posted first half net profits of €2.6 million euros, compared with a loss of €7.4 million during the same period the year before.
"We are quite pleased – revenues will reach more than 300 million euros in 2011, even more," said chief executive officer of Valentino Fashion Group, Stefano Sassi. The label is currently working on a new store look, to better showcase creative directors Grazia Chiuri and Pier Paolo Piccioli’s designs – as well as its accessories line – which accounted for 35 per cent of the total revenue.