VALENTINO has almost doubled its earnings in the past year, - TopicsExpress

VALENTINO has almost doubled its earnings in the past year, figures revealed by the brand today show. Its earnings before interest, taxes, depreciation and amortisation were an impressive €65 million, versus €34 million the previous year. Operating profits, revenues and sales all climbed too - and global retail like-for-like sales rose between 35 and 40 per cent. Valentino CEO Stefano Stassi told WWD that the labels focus for the coming year was not about conquering new markets, but about increasing penetration in those where we are already present. The brand will open high-profile flagships in New York, Rome and Hong Kong in 2014.

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