Stefano Sassi, chief executive officer of Valentino Fashion Group, commented: “Mr. Valentino is the genius who developed a unique array of values and stylistic codes to support a unique and exclusive brand with a remarkable up-side still to exploit.The values of this unique brand, its elegance and its glamour are the starting point for future development and growth."
"We believe that we have chosen a design team able to give strong creative content and that Alessandra Facchinetti is the designer who can interpret and continue the legacy of Valentino's core values at the best."
"We know we can also capitalize on her significant experience in designing for some of the most important and successful fashion companies where she acquired a great expertise."
"Furthermore, the two accessory designers, Maria Grazia Chiuri and Pier Paolo Piccioli have already proven to greatly contribute in boosting this product category.”
Alessandra Facchinetti stated: “I am honored to be part of this new project. Mr. Valentino has always been a point of reference for me, an icon for his sense of style and elegance. My admiration and respect for him is endless.
I will dedicate myself to this new project with great passion and enthusiasm, treasuring everything that has been done this far, and be ready to present my first collection in March '08”.
Net consolidated sales for Valentino Fashion Group S.p.A. amounted to 1.027,3 millions euros in the first half of 2007 out of which net sales of Valentino S.p.A. and its branches were 120,7 million euros.
Valentino Fashion Group S.p.A. is currently 60,18% owned by Permira, a Private Equity Fund which launched a public offer on the Company entire share capital.
Valentino Fashion Group S.p.A.
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