Even in the field of fashion and luxury, merger & acquisition is in full swing after the shock of the pandemic, but from the list of possible prey, despite the many rumors chasing each other on the market, Valentino, the maison purchased in 2012 by the Qatar fund, should be excluded , Mayhoola, and always in the spotlight.
It was the new CEO of Valentino, Jacopo Venturini, who officially clarified the situation in recent days. Neither sale nor listing on the Stock Exchange. The fashion house is looking at other directions and the focus is on the United States and China, where Valentino expects to grow, also on the basis of the excellent financial results it is achieving in 2021. “We are very positive for the future - Venturini declared in this regard just a few days ago - also thanks to a first half of 2021 closed with revenues up 64% compared to the same period of 2020. We are also close to breaking even with 2019, our best year " . In that year Valentino had in fact reached 1,22 billion euros in revenues, paid for however by a 28% pandemic drop last year.
For the future, the new CEO of the maison plans to develop digital but also to open new physical stores around the world, especially in Europe and China. Venice and Geneva will see the next openings of Valentino, followed by shops in Miami and New Jersey and then in China.
