Valentino Beats Its Own Financial Forecast And Brings In Over Dhs3 Billion In 2015

BY Harper's Bazaar Arabia / Mar 6 2016 / 17:37 PM

The Italian fashion house has announced a 48 per cent increase in revenue, bringing in a 10-figure sum in 2015

Valentino Beats Its Own Financial Forecast And Brings In Over Dhs3 Billion In 2015
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Valentino has released staggering financial figures for 2015, including revenues of Dhs3,672,950,000, meaning that the brand has reached its target two years early.

As well as praising creative directors Maria Grazia Chiuri and Pierpaolo Piccioli​ for their work, CEO Stefano Sassi also told WWD that accessories, a greater interest in menswear and 30 new boutiques opening were contributors for this major financial success.

Sassi also took the opportunity to deny other financial rumours regarding the house, confirming: "There will be no IPO before 2017". He also mentioned that Valentino would not be joining the see-now, buy-now model that the likes of Burberry and Tom Ford have switched to, but added that the brand is "ready to evaluate alternatives" to the current show format.

Via Harper's Bazaar UK