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By
Reuters
Published
Oct 6, 2009
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Valentino Group has no debt repayment issues

By
Reuters
Published
Oct 6, 2009

PARIS, Oct 6 (Reuters) - Italy's Valentino Fashion Group does not have any problems in repaying its debt at this time, Chief Executive Stefano Sassi said on Tuesday 6 October.


Valentino spring-summer 2009

Sassi told Reuters after the Valentino brand spring/summer womenswear show: "we don't have a problem of repaying debt at this time. It is something that is long term."

Valentino's next debt repayment is in 2015, he said.

He added that sales of the Valentino brand in U.S. department stores were going better than last year.

"We are growing," Sassi said.

Valentino Fashion Group includes the Valentino, Hugo Boss (BOSG_p.DE) and Marlboro labels.

It is controlled by private equity group Permira. (Reporting by Marie-Louise Gumuchian)

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