Now here is some good news for you to tune into for those who are Valentino fans. The Italian luxury house got the green light from its board earlier this week, and is now set to invest a total EUR 250 million in a strategic expansion plan. Valentino, which saw its full-year profit end at EUR 32 million, is aiming at doubling its retail presence within the next 4 to 5 years.
The money will primarily fund the building of new flagship stores, and the renovation of the around 60 existing stores that have yet to be refurbished. There are also plans involving a more extensive accessories line, with a focus on bags and shoes – Valentino is set to invest EUR 250 in the global expansion and marketing of the brand.