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Asharq Al-Awsat
Asharq Al-Awsat
Lifestyle
Asharq Al-Awsat

Valentino 2021 Sales Rose 41%, Listing Not in Fashion House’s Plans

Designer Valentino shoes are seen on display at the Nordstrom flagship store is seen during a media preview in New York, US, October 21, 2019. (Reuters)

Italian fashion house Valentino posted a 41% jump in sales last year at constant exchange rates and is not considering a listing anymore, Chief Executive Officer Jacopo Venturini said in an interview published on Monday.

Revenue was 1.23 billion euros ($1.36 billion) in 2021, 3% higher than the pre-pandemic levels of 2019. The rise was driven by strong demand for accessories that now represent two-thirds of total sales, Venturini told financial weekly L'Economia-Corriere della Sera.

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