In 2018, Valentino, the renowned Italian luxury brand, saw a slower growth in revenue compared to previous years, ending the financial year with around €1.2 billion in revenue. Despite this decline, CEO Stefano Sassi remains upbeat about the brand’s future, unveiling ambitious growth strategies for the upcoming years.
Speaking at a forum organized by Altagamma, the prestigious association of Italian luxury brands, Sassi highlighted Valentino’s adaptability to changing consumer preferences and its resilience in the competitive market. While addressing the question about a possible sale by its majority shareholder, Mayhoola, a Qatari investment fund, Sassi did not provide a definite response.
With over a decade of leadership at Valentino and navigating through changes in ownership, Sassi exudes confidence in the brand’s ability to thrive and maintain its status as a pinnacle of excellence in the fashion industry. The brand’s revenue growth, albeit slower, reflects its strong foothold in the luxury market and its enduring appeal to discerning customers globally.
Looking towards the future, Sassi mentioned that Valentino’s markets are flourishing, except for Macao and Hong Kong, where challenges persist. However, an uptick in purchases by mainland Chinese consumers is offsetting the revenue decline in these regions, showcasing Valentino’s agility in responding to market dynamics.
As Valentino continues its evolution and expansion, Sassi’s leadership and the brand’s steadfast dedication to quality and innovation play a crucial role in securing its long-term success in the competitive luxury market. With bold growth plans on the horizon, Valentino remains a dominant player in high-end fashion, captivating audiences with its cutting-edge designs and enduring sophistication.
To learn more about Valentino and its iconic collections, visit the official website. For the latest updates and news on the luxury fashion industry, explore insights from Altagamma at www.altagamma.it.
