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    Valentino Group Achieved Great Breakthrough In Its Performance

    2016/4/10 15:50:00 47

    ValentinoPerformanceBrand Expansion

    Italy's luxury brand Valentino 2015 sales broke through the $1 billion mark, two years ahead of schedule to achieve the desired target.

    According to the financial data, Valentino sales increased to $1 billion 90 million last year, up 48% compared with $88 million 40 thousand in 2014, and the company expects 2016 sales to continue double-digit growth.

    Valentino CEO

    Stefano Sassi

    It was revealed that in 2012, when Valentino was still holding Mayhoola, it had set a five year plan with sales volume of US $1 billion. After the untiring efforts of the company, we completed two years ahead of schedule.

    Over $one billion in sales represents the critical quality of the company reaching a new height and previous brands, and also indicates the company's

    Profitability

    Step up.

    According to Reuters, Valentino is in progress.

    IPO

    The site may be in Milan.

    Related links:

    Thanks to the recession in the Greater China region and the stagnation of European market growth, Italy's Giorgio Armani SpA recorded only 3.7% revenue growth in 2015, a growth rate slowing sharply from 16% in 2014. The Armani growth rate in the region was much slower than that in 2014.

    In 2015, Giorgio Armani group earned a total of 2 billion 640 million euros.

    Italy fashion consultancy Pambianco Strategie di Imprese announced last year that Giorgio Armani ranked first in three consecutive years in the 50 fashion and luxury industries listed on the market.

    Following Stella McCartney and Hugo Boss's commitment to no longer use fur products, Italy fashion brand Giorgio Armani also joined the anti fur ranks.

    The brand announced in its statement that since the 2016 autumn winter series, all Giorgio Armani clothing series will no longer use animal fur.


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