Valentino's future is in doubt Valentino Garavani Cruise 2026 Collection
03.02.2026 2182

Valentino's future is in doubt

From 2017 to 2024, Valentino's revenue grew by just €150 million, representing a 13% increase over eight years. This is a modest figure compared to the luxury segment average, according to laconceria.it.

The most concerning aspect is profitability, which is "quite low" at best. In 2023, earnings before interest and taxes (EBIT) amounted to 7% of revenue, compared to the industry average of at least 20%. 2025, for which financial statements have not yet been published, has also proven challenging for Valentino.

Preliminary: revenue will reach €836 million with a loss of €46 million, compared to 2024 (which ended with revenue of €870 million and a loss of €78 million). Financial debt has reached over €1 billion.

At the end of 2025, Kering, the majority owners of MFI Luxury Srl, which includes Valentino, and the Qatari investment fund Mayhoola agreed to allocate €100 million ($117 million) to support the financial stability of the Valentino fashion house. At the end of 2025, the brand replaced its CEO (now Riccardo Bellini) and appointed Alessandro Michele as creative director, but so far there have been no significant signs of improvement.

From 2017 to 2024, Valentino's revenue grew by just €150 million, representing a 13% increase over eight years. This is a modest figure compared to the luxury fashion industry average.
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