Valentino Fashion Group

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GERMANY: Hugo Boss chairman to step down | 18 Mar 08

German fashion group Hugo Boss AG today (18 March) said the chairman of its supervisory board will step down at the end of June.

ITALY: Valentino opens boutique in Mexico | 22 Feb 08

Valentino Fashion Group has opened its first single-brand boutique in Mexico.

GERMANY: Hugo Boss CEO to leave | 15 Feb 08

Hugo Boss and its chief executive Dr Bruno Sälzer have parted ways "by way of amicable arrangement", blaming differences of opinion on company strategy.

GERMANY: Hugo Boss profit up 20% during 2007 | 7 Feb 08

German fashion brand Hugo Boss has increased its full year profit by 20% to EUR154m (US$225.2m), bolstered by women's wear.

ITALY: Valentino appoints Pozzoni to design role | 9 Jan 08

Valentino Fashion Group has announced Ferruccio Pozzoni as the new designer for its men's wear.

ITALY: Valentino's income buoyed by Hugo Boss sales | 12 Nov 07

Valentino Fashion Group has posted an 11.4% increase to net income for the first nine months of the year, with its Hugo Boss brand driving sales figures.

CHINA: Female consumers lead luxury goods surge | 12 Oct 07

Female consumers are fueling the growth in Chinese consumer spending, according to a report by Credit Suisse.

ITALY: Stefano Sassi confirmed as Valentino managing director | 21 Sep 07

Valentino Fashion Group has appointmented a new board following its takeover by Red & Black Srl, a unit owned by private equity firm Permira.

ARGENTINA: Kenzo to be relaunched by LVMH | 17 Sep 07

LVMH-owned luxury apparel brand Kenzo has returned to Argentina where rivals such as Valentino and Gucci have re-launched their businesses after fleeing the country in the wake of the 2001 economic crisis.

ITALY: Valentino profit grows 18.3% during first-half | 12 Sep 07

Italian company Valentino Fashion Group has lifted its half-year profit by 18.3% to EUR41.4m (US$57.5m).

ITALY: Valentino Fashion Group founder to step down | 5 Sep 07

Valentino Fashion Group has confirmed that its founder and fashion pioneer Valentino Garavani will step down in January 2008.

GERMANY: Permira in line to recruit a profitable Hugo Boss | 1 Aug 07

Hugo Boss Group said that earnings for the first half of the financial year jumped 14% to EUR90m (US$123.23m), with Central and Eastern European markets making particularly strong sales contributions.

AUSTRIA: Wolford FY profit soars by 84% | 25 Jul 07

Austrian luxury goods maker Wolford AG said its full-year net profit increased by 83.9% to EUR6.4m (US$8.8m), helped by US and UK sales and a strengthened position in the luxury goods sector.

ITALY: Permira gets EU clearance for Valentino buyout | 18 Jul 07

The European Commission has today (18 July) cleared the purchase Italy’s Valentino Fashion Group by the Red & Black Lux unit of private equity firm Permira.

ITALY: Valentino Fashion Group buys stake in Proenza Schouler | 11 Jul 07

Italy's Valentino Fashion Group SpA has bought a 45% stake in US-based designer fashion label Proenza Schouler for $3.7m.

ITALY: Permira ups stake in Valentino to 60.2% | 4 Jul 07

London-based private equity fund Permira has increased its stake in Valentino Fashion Group SpA to 60.2% as it prepares to launch a full buyout offer for the Italian luxury-goods maker.

GERMANY: Permira expected to table Hugo Boss buyout bid | 4 Jun 07

In addition to offers for a controlling stake in Valentino Fashion Group, private equity firm Permira is intending to make an offer for all outstanding shares in Valentino-controlled German fashion brand Hugo Boss.

ITALY: Permira mulls bid for extra stake in Valentino | 22 May 07

Private equity firm Permira is in exclusive negotiations to buy an extra 24% stake in Valentino Fashion Group SpA at EUR35 per share.

ITALY: Permira wins battle for Valentino stake | 16 May 07

European private equity firm Permira has acquired a 29.6% stake in Valentino Fashion Group for EUR782.6m (US$1.1bn) and signalled its intention to further increase its holding.

ITALY: Valentino shares suspended ahead of statement | 14 May 07

Valentino Fashion Group has had its shares suspended on the Milan Stock Exchange amid mounting speculation that the company is a target for private equity buyers.

ITALY: Valentino buoyed by Boss during Q1 | 11 May 07

Valentino Fashion Group has posted a 17.1% boost to first quarter profit, attributed to a positive performance by its Hugo Boss and Marlboro Classics brands.

FRANCE: Anti-smoking group hits out at Marlboro Classics brand | 16 Mar 07

The Philip Morris group-owned Marlboro Classics clothing brand has been condemned by a Paris court for the second time in the space of several months for “indirect” tobacco advertising.

ITALY: Valentino appoints Stefano Sassi as CEO | 15 Dec 06

Valentino Fashion Group has named Stefano Sassi as its new chief executive following a five-month search.

GERMANY: Hugo Boss Q3 profit leaps 15%, mulls kids' wear | 3 Nov 06

Luxury firm Hugo Boss sees potential in children’s fashion and also views China as an important fashion market, chief executive Bruno Saelzer said yesterday (2 November).

ITALY: Shareholder group builds stake in Valentino | 15 Sep 06

A group of shareholders has acquired a 14.5% share in Valentino Fashion Group, according to a report by financial daily Il Sole 24 Ore.

ITALY: Valentino profit surges during first half | 13 Sep 06

Italian designer firm Valentino Fashion Group today (13 September) reported a 31.1% rise in profit to EUR60.7m (US$77.2m), up from EUR46.3m for the same period last year.

ITALY: Ferragamo appoints Michele Norsa as CEO | 3 Aug 06

Italian fashion house Salvatore Ferragamo has named Michele Norsa, the former CEO of the Valentino Fashion Group, as its new chief executive.

ITALY: Valentino revenue up 14% in the last half-year | 1 Aug 06

Valentino Fashion Group has a posted a first half 14% boost in net revenues to EUR926m (US$1.180m), led by women’s segment and accessories sales.

ITALY: Marzotto family consolidate stakes | 4 Jul 06

Gaetano, Stefano, Nicolo and Luca Marzotto have concentrated their stakes in fashion firm Marzotto and its subsidiary Valentino into a new company, ANSA reported.

US: Gap nets deals for South East Asia | 19 Jan 06

Apparel giant Gap has secured deals to take its Gap and Banana Republic brands to two key Southeast Asian markets as part of its previously announced strategy for international growth.




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