VALENTINO sales to grow by 15% in 2010

VALENTINO Chief Executive Officer Stefano Sassi confirmed in an interview this week that the company’s sales will likely grow by 15% in 2010. However, he advised it will take at least 2 more years to reach the sales levels of 2008. He also said that Europe and the United States luxury markets are recovering, yet not entirely. Valentino is owned by British investment fund Permira, which also owns Hugo Boss.