85 727
Fashion Jobs
HENKEL
Senior Automation Tech
Permanent · GENEVA
ESSILORLUXOTTICA GROUP
Customer Service Representative
Permanent · EAST SYRACUSE
ESSILORLUXOTTICA GROUP
Customer Service Representative Classic Optical)
Permanent · YOUNGSTOWN
ESSILORLUXOTTICA GROUP
sr. Manager, Business Growth
Permanent · NEW YORK
ESSILORLUXOTTICA GROUP
Associate Manager, Trade Event Marketing
Permanent · DALLAS
ESSILORLUXOTTICA GROUP
Oakley - Specialized Consultant
Permanent · PEMBROKE PINES
ESSILORLUXOTTICA GROUP
Oakley - Sales Supervisor
Permanent · CAMARILLO
ESSILORLUXOTTICA GROUP
Naasc - Material Handler II (Inbound Team Lead)
Permanent · MCDONOUGH
ESSILORLUXOTTICA GROUP
Oakley Store Market Manager- Denver Market
Permanent · DENVER
ESSILORLUXOTTICA GROUP
Oakley - Specialized Consultant (Denver)
Permanent · DENVER
ESSILORLUXOTTICA GROUP
Wholesale - Analyst, Supply Chain (Vendor Compliance)
Permanent · PORT WASHINGTON
ESSILORLUXOTTICA GROUP
Essilorluxottica Wholesale - Sales Representative
Permanent · RALEIGH
ESSILORLUXOTTICA GROUP
Wholesale - Coordinator- Sales Operations (Rep Orders)
Permanent · PORT WASHINGTON
AMRG
Sales Supervisor - Full Time
Permanent · ROSEMONT
WALGREENS
Overnight Call Center Representative - Pharmacy (Onsite)
Permanent · CHANDLER
WALGREENS
Onsite Call Center Representative - Pharmacy (Part Time)
Permanent · CHANDLER
WALGREENS
Onsite Call Center Representative - Pharmacy (Full Time)
Permanent · CHANDLER
WALGREENS
Senior Manager, Merchandise Planning
Permanent · DEERFIELD
WALGREENS
Digital Commerce Associate Manager, Merchandising
Permanent · DEERFIELD
WALGREENS
General Warehouse Person Pendergrass Rfc
Permanent · PENDERGRASS
CALERES
Associate Manager - Famous Footwear
Permanent · MANKATO
NORTH CAROLINA STATE
County Extension Director
Permanent · GOLDSBORO
By
Reuters
Published
Jun 1, 2009
Reading time
2 minutes
Download
Download the article
Print
Text size

Valentino sees signs of market recovery

By
Reuters
Published
Jun 1, 2009

MILAN (Reuters Life!) - Fashion group Valentino said it expects 2009 to be a tough year in luxury retail but has seen resilience in quality labels such as Marlboro and Hugo Boss.

Chief Executive Officer Stefano Sassi told Corriere della Sera newspaper that the luxury firm has seen a recovery in trade since the middle of April.

"In the first quarter we lost a bit in terms of turnover and profitability, but from the middle of April, we are seeing a recovery," he said in an interview published in the newspaper's CorriereEconomia business section on Monday 1 June.

This year "will be more difficult" than 2008, he added. The design house, which includes Valentino and Hugo Boss labels as well as the license for Marlboro clothing, will focus on controlling costs.

"This crisis has mostly hit luxury, while a line like Marlboro for example is holding at last year's levels and even Hugo Boss is standing its ground," Sassi said.

"But April and May are giving very encouraging signals for Valentino as well," he added.

Valentino Fashion Group, which is controlled by private equity group Permira, increased turnover 3 percent in 2008 to 2.2 billion euros ($3.08 billion) while core profit slipped to 320.4 million euros from 330.3 million euros.

Valentino's founder, Valentino Garavani, retired in January 2008 after heading the house for nearly half a century and making its trademark red evening gowns regulars on the red carpets at the Oscars, Cannes film festival and elsewhere.

His successor, Alessandra Facchinetti, lasted less than a year before leaving "embittered." She was replaced by in-house team Maria Grazia Chiuri and Pier Paolo Piccioli.

Sassi said Valentino had already sold 30 percent of its pre-collections for autumn/winter 2009 -- "a really, really good result considering ... we are selling the collection at full price."

(Reporting by Jo Winterbottom, editing by Paul Casciato)

($1=.7146 Euro)

© Thomson Reuters 2024 All rights reserved.