Valentino Hits The Golden Billion

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Valentino is raking in the dough – big time. The Maison recently announced that it has exceeded its financial forecast, reporting revenues of more than $1 billion in a massive 48 percent improvement from 2014. Following their stunning Haute Couture Spring/Summer 2016 show, the extremely good year still appeared to be rather unprecedented.

CEO Stefano Sassi reckons it’s the accessories and an escalating interest in menswear as key factors to the success, adding in a statement to WWD that "currencies helped and we also added 30 boutiques last year." Sassi also praised creative directors Maria Grazia Chiuri and Pierpaolo Piccioli for contributing to the "exceptional year", which meant Valentino hit the sweet spot two years earlier than expected, or planned.

Sassi also addressed the See-Now-Buy-Now divide in the fashion world and the Fédération Française de la Couture du Prêt-à-Porter des Couturiers et des Créateurs de Mode’s final verdict, maintaining the brand’s intention of keeping with the current system, but also open "to evaluate alternatives".

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