Qatar's royal family offers boost to Valentino

Qatar's royal family offers boost to Valentino

Italian fashion label Valentino is planning a new expansion phase, including a large number of new stores in Europe and Asia. An exact prediction of how many new stores would open, has not been made public.

Oil dollars boost fashion business

Last summer, Qatar's royal family bought Valentino from private equity firm Permira for 700 million euro through their investment group Mayhoola.

 

The company generates forty percent of its turnover in China, where - so far - the economic slowdown in the country has not yet affected the sales. “People in China want exclusivity, high-end products, so we are benefiting from that”, says chief executive Stefano Sassi.

 

In the first nine months of 2012, Valentino was able to increase its turnover by 26%, compared to the same period in 2011. In September, the year-on-year increase even rose to 33%.

Questions or comments? Please feel free to contact the editors


Small Belgian brewery conquers Brazil thanks to playing cards

13/09/2017

Het Nest, a small brewery from Turnhout, will get its beers brewed in Brazil as well. It has struck a deal with Cervejaria Premium Paulista, which will brew and distribute the beers locally.

Price cuts drive 25 % more customers to Whole Foods

12/09/2017

Supermarket chain Whole Foods welcomed an additional 25 % of customers in the first few days following Amazon’s price cuts.

Ter Beke enters British food service industry

12/09/2017

Belgian food group Ter Beke has acquired a 90 % stake in British competitor KK Fine Foods for an undisclosed fee. The current shareholders hold onto the other 10 %.

Godiva wants to conquer the world through supermarkets

12/09/2017

Belgian praline brand Godiva will soon sell its chocolate in supermarkets all over the world after signing a deal with chains like Albert Heijn and Sainsbury’s. Previously, it sold nearly all its chocolate through its own store network.

Insight: Xavier Piesvaux' seven labours at Delhaize

10/09/2017

Can one French and several Dutch managers do what the Belgian management failed to do these past few years at Delhaize Belgium? Its new CEO will face plenty of challenges: we count at least seven.

Nestlé USA acquires food manufacturer Sweet Earth

08/09/2017

Nestlé USA has acquired American Sweet Earth for an undisclosed fee. The company mainly manufactures meat replacements, a rapidly-growing market, but also several frozen meals.

Back to top