Italian fashion company Valentino has big plans: a doubling of the number of stores, a thorough renewal of the eighty existing stores and an expansion of the accessory line with shoes and bags. 250 million euro will be invested to realise these ambitious plans.
Very ambitious plans
In 2012 sales of Valentino rose by 21% when compared to the previous year, to 400 million euro. For the first quarter of the current financial year a rise in sales of 23% was noted. The Italian company clearly has the wind in its sails, as is shown by the ambitious plans of the owners.
The Qatari owners of the Mayhoola investment company want to invest 250 million euro to double the number of shops. Mayhoola has already approved the expansion plans and has therefore given the starting signal for the opening of a number of shops over the next four to five years.
All current Valentino shops will get a thorough facelift based on the new interior concept. Twenty of the eighty stores have already been renovated. The remaining sixty will get done this year. Valentino will also offer more shoes and bags for the stylish man and woman.