Italian fashion house Valentino announced on Monday a ten percent increase in its sales and 18 percent increase in its revenues. The company’s primary revenues exceeded €1.42 billion ($1.56 billion) last year.
Sales at stores operated directly by the group, including online stores, grew twice as fast as total revenue, while wholesale sales fell 6 percent. “Europe, the U.S., and the Middle East are the leading regions in terms of sales, while China sales remain low amid COVID” the company said.
Stores run by the company recorded an increase of 62 percent in 2022 to 54 percent in 2019. Valentino launched its online stores last year, which started in Japan to the U.S., and the rest of the world.
Valentino also said that it made change to its wage policy to follow a system which connects salaries to performance.
