Valentino: In The Past Three Years, It Has Increased By About 20%, And Retail Sales Have Increased By 40%.

P Valentino, chief executive of Valentino (Valentino), recently attended the luxury Media Summit hosted by Italy media Il Sole 24 Ore. It said that the group's revenue growth in 2013 was expected to be about 20-25%. He further revealed: "from January to May, we recorded revenue growth of about 25%, an increase of about 20% over the past three years, of which retail sales rose by 40%." < /p >
< p > Valentino earned 390 million euros in 2012, an increase of 22% over 2011, and operating profit of 32 million euros, an increase of 43.3% over the same period last year. Since 2010, revenue has increased by 70%. In the fourth quarter of 2012, the growth of Valentino retail channels in all regions of the world (except Japan) grew to 30%-40%; the wholesale and retail development balance was the largest single market in the United States; however, retail or wholesale, Europe was still the most profitable region for Valentino Valentino; online sales increased by 40%. Valentino Valentino set a target of 500 million euros in revenue for the future. According to the expected growth rate of Stephen Sassi, the revenue in 2013 will reach 487 million 500 thousand euros, which is one step away from the target of 500 million euros. < /p >
< p > Valentino expects expansion of the sales network to ensure steady growth in revenue. Stephen Sassi said at the summit that the group will invest 100 million euros to expand its retail network this year, doubling the investment of 9 million euros in 2012. This is part of the 250 million euro investment plan supported by Valentino Mayhoola for Investment, the parent company's Qatar private equity fund. The 250 million euro will be used to double the existing retail network in the next 4-5 years. At present, Valentino has about 80 retail stores worldwide. The group also plans to open flagship stores for brands in Paris, New York, London and Monte Carlo before the end of the year. The flagship stores in Losangeles and Hongkong are also planned. It is expected that 80% flagship network will be built in three years. Last year, Valentino had refurbished 20 retail stores according to the new concept, and plans to refurbish the remaining stores by the end of next year. < /p >
< p > Mayhoola for Investment has signed the 15 year tenancy agreement for Valentino flagship store in New York in May. The store, which has an area of 20 thousand square feet and a total of four floors, will focus heavily on accessory products and is expected to open next summer. < /p >
The 5295 square foot new store, 821 Madison Avenue, New York, will open this month. In November, the brand will open a 7000 square foot new store in San Francisco 105 Grant Street, which will be the first flagship store in the US market to sell a full range of men's clothing products in November. In addition, in November this year, the brand plans to open a 7535 square foot new store in Shanghai IAPM trading mall. < /p >