Valentino Valentino Is Expected To Exceed 1 Billion Euro Mark In 2015

Valentino was acquired by Mayhoola investment company, the royal family of Qatar in 2012.

Now arrive at the critical moment.

According to the company's president Stefano Sassi in the first half year performance report to the media pointed out that the company is expected to achieve the goal ahead of schedule, breaking through the 1 billion euro mark.

Sales in the first six months increased by 59% to 478 million euros, up from 301 million euros a year ago.

The gross profit margin (Ebitda) of the brand was 87 million 500 thousand euros, up from 46 million 700 thousand euros (+87.3%) in June 30, 2014, accounting for 18.3% of the total turnover.

The first largest group

Europe still accounts for 40% of its total sales, followed by Asia, including Japan (36%), while China's first half sales increased 30%.

The third largest market is the United States (23%).

Following the 664 million euro turnover recorded in 2014, Valentino was more confident in 2015, which, of course, benefited from favorable exchange rate factors, and at the same time benefited mainly from its self operated stores.

Good profits, such as Hongkong, New York Fifth Avenue and Rome Piazza di Spagna and other places flagship store.

In the first half of, the growth rate of the same store sales in the self run shop of the company was over 22% after deducting the exchange rate factor. This is the fifth consecutive year.

Stefano Sassi stressed, "contrary to other brands, we also have good performance in department stores".

In addition, South Korea, the United Arab Emirates, Saudi Arabia's rights to operate in Kuwait are pferred from local partners to companies.

The Group invested heavily in retail, reaching nearly 250 million to 300 million euros between 2013 and 2015.

In 2014, the group opened 45 new stores and planned to open 20 new stores in 2015.

Finally, another key to Valentino's success is the accessories type, which has increased its share of business from 30% a few years ago to 55% at present.

The brand also increased investment in production, bought a Valentino Shoes Lab laboratory in Tuscany, Italy, and established a leather joint venture company in Lombardy area.

Men's clothing business also recorded good results.