Valentino sales up by 23 percent in 2013

Valentino, the luxury group acquired by Qatar in 2012, ended 2013 with a 23 percent sales increase to approximately 490 million euro,

CEO Stefano Sassi reported earlier this month.

“We have closed the year with circa 490 million euros, that´s  a 25 percent increase,” assured Rossi in a recent interview with Reuters.

As for 2014, “We will continue to open stores in the US, Asia and Europe,” Sassi advanced.

In July 2012, investment vehicle Qatari Mayhoola acquired the entire stake in Valentino Fashion Group from Red & Black Lux sarl, controlled by the private equity firm Permira, along with the Marzotto family.