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


Nestlé loses another battle in KitKat war

18/05/2017

Swiss chocolate manufacturer Nestlé has been trying to prevent competitors from creating chocolate snacks that look like its own KitKat brand for a decade. It has succeeded in about a dozen countries, but the attempt in the United Kingdom once again failed.

Colruyt to open fourth store in Grand Duchy of Luxembourg

18/05/2017

Providing everything goes according to plan, Colruyt will open its fourth store in the Grand Duchy of Luxembourg in November. Soon, it will open another three, although there is local dissatisfaction.

7-Eleven opens store without staff in South Korea

18/05/2017

American smaller supermarket chain 7-Eleven opened a South Korean store without staff. Located in Seoul’s Lotte World Tower, the store uses biometric verification when processing payments.

Top Brands sells French Pizza Hut pick-up points

18/05/2017

Polish AmRest Holdings acquired Pizza Hut’s French pick-up points and delivery services from Belgian group Top Brands for an undisclosed fee.

Private label on the road to permanent sophistication

18/05/2017

Looking at the sheer amount of companies exhibiting at the 2017 PLMA Trade Show in Amsterdam, private label must be thriving in Europe. Most notably, private label has shed its price image (partly) and more sophisticated concepts have been launched. 

Analysts: Aldi could become number 2 in 2020

17/05/2017

A LZ Retailytics’ analysis puts German discounter Aldi on the number two spot in 2020 when it comes to Europe’s largest supermarket companies. Major brands like Carrefour, Tesco and Metro would trail the discounter at that time.

Back to top