×
49
Fashion Jobs
PUMA
Manager Product Line Sportstyle Footwear
Permanent · Ho Chi Minh City
H&M
Area Manager - Vietnam
Permanent ·
L'OREAL GROUP
Office Manager
Permanent · Ho Chi Minh City
L'OREAL GROUP
Key Account Executive - Drugstore Channel
Permanent · Ho Chi Minh City
PHV
Manager, Quality Assurance – Process Engineer
Permanent · Ho Chi Minh City
H&M
Security/ Compliance Manager
Permanent · HO CHI MINH CITY
PHV
Manager, Merchandising
Permanent · Ho Chi Minh City
L'OREAL GROUP
Online Brand Manager - Vichy & la Roche Posay
Permanent · Ho Chi Minh City
L'OREAL GROUP
Social Manager - Consumer Product Division
Permanent · HO CHI MINH CITY
H&M
Store Department Manager (Quản lý Ngành Hàng Tại Cửa Hàng) - đà Nẵng Based
Permanent ·
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Aeon Mall hà Đông
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Aeon Mall hà Đông
Permanent · HANOI
H&M
Department Manager (Quản lý Ngành Hàng) - Khu Vực Ocean Park Gia Lâm
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Vincom Times City
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Tại Vincom Plaza hạ Long
Permanent · HẠ LONG
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Times City
Permanent · HANOI
H&M
Visual Merchandiser (Phụ Trách Trưng Bày Làm Việc Tại Cửa Hàng) - hồ Chí Minh Based
Permanent · HO CHI MINH CITY
H&M
Nhân Viên tư Vấn Bán Hàng Khu Vực Royal City - hà Nội (Bán Thời Gian và Toàn Thời Gian)
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Mega Mall Times City, hà Nội
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực hà Đông, hà Nội
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Gia Lâm - hà Nội
Permanent · HANOI
NIKE
Nhân Viên Vận Hành Máy ép Nhựa (Đồng Nai)
Permanent · Ho Chi Minh City
Published
Mar 3, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Valentino wraps up 'exceptional' 2015

Published
Mar 3, 2016

Valentino reached close to €1 billion in 2015. The fashion label's CEO, Stefano Sassi, stated to Italian financial daily Il Sole 24 Ore, a few days ahead of Valentino's show scheduled on Tuesday 9th March in Paris, that "For the brand, 2015 was an exceptional year: revenue increased by 48% to €987 million, EBITDA skyrocketed, nearly doubling and reaching €180.2 million, compared to €98.5 million previously, and was equivalent to 18.3% of total sales, compared to 14.8% in 2014."

Valentino's haute couture line for summer 2016 - © PixelFormula


"EBIT grew from €43 million in 2014 to €104.4 million a year later. And for this year, despite the fact that markets are troublesome, the minimum objective is still that of double-digit growth," further stated the boss of the Italian luxury label, which was acquired in 2012 by Mayhoola, an investment company belonging to the Qatar royal family. At the time, Valentino's revenue was €370 million.

According to Stefano Sassi, four factors explain these results: store growth in like-for-like terms, a 20% rise by a retail network which now accounts for 55% of total sales; the excellent results constantly generated by the wholesale channel; the opening of between 20 and 30 new stores in 2015; and finally, as for all fashion labels, a favourable exchange rate effect.

The other key factor of success for Valentino was the accessories category, whose weight rose from 30% of revenue a few years ago to 55% today. Menswear, "a tiny segment only three years ago, ensures significant opportunities for the future," and was worth €100 million in 2015, exactly like the Red Valentino youth line.  

Valentino's creative directors, Maria Grazia Chiuri and Pierpaolo Piccioli


The group operates 160 mono-brand stores and generates 90% of sales outside Italy. Between 2013 and 2015 it invested significantly in the retail channel, to the tune of nearly €250-€300 million. This year, the pace of new openings is expected to slow down.

Valentino recently inaugurated a flagship store in London's Bond Street, and is planning other openings in the second part for the year, notably in Germany, in Honolulu, USA, and in Tokyo's Omotesando district.

As for the group's Stock Exchange flotation, asked for by Mayhoola, it is not in the cards for 2016.
 

Copyright © 2023 FashionNetwork.com All rights reserved.