Italian luxury brand Valentino announced on Monday that the major adjustments made to its direct sales network last year had shown initial results, with revenue reaching 1.419 billion euros in 2022, a year-on-year increase of 15% (calculated at a fixed exchange rate: +10%); and profitability has also improved: operating profit increased by 30% year-on-year to 121 million euros.
In the past year, Valentino’s direct sales (including directly operated stores and official online stores) increased by 21%, while wholesale sales decreased by 6%. The company stated in a statement that i …
