Valentino dreams big for 2015
Stefano Sassi thinks Valentino has all the right ingredients for a successful 2015.
The fashion house is one of the most revered in the industry, and founder Valentino Garavani's designs have been at the forefront of style for more than 50 years.
The label is gearing up for its Autumn/Winter 15 showcase on Tuesday as part of Paris Fashion Week, with Valentino's CEO Stefano certain it will be a great year for the brand.
"If the market holds, in light of Valentino’s customer appeal and increased loyalty to the brand, we can expect another year of relevant growth rate,” Stefano told WWD. "We have attracted new and different customers, but our base is increasingly more solid and we are growing in all categories around the world. There are all the ingredients for a good 2015.”
Stefano's certainty of potential growth comes after impressive figures logged last year. Valentino saw a 57 per cent increase in earnings before interest, taxes, depreciation and amortisation [EBITDA] last year and a 36 per cent gain in revenues.
In 2014 EBITDA rose to 102million Euros, or $135.6million, up from 65million Euros/ $85.8million the previous year.
Maria Grazia Chiuri and Pier Paolo Piccioli took over as Valentino creative directors in 2008 and have been credited with reviving the brand. The design duo have seen sales more than double since 2010.
In 2012 majority shareholder Mayhoola for Investments took control, with Stefano praising the move for adding to the brand's global success.
“The trend is very consistent and we’ve seen an acceleration in the past two years as the project matured,” he said.