Pursuits
Valentino Eyes IPO in 2017 After Revenue Exceeds $1 Billion
- Listing won't happen sooner because of market volatility
- Earnings nearly doubled to 180 million euros in 2015
Models present creations for Valentino during the 2016 spring/summer Haute Couture collection on January 27, 2016 in Paris.
Photographer: Miguel Medina/AFP via Getty ImagesThis article is for subscribers only.
Italian fashion house Valentino is considering selling shares in an initial public offering as early as next year after nearly doubling profit on revenue of more than $1 billion in 2015.
An IPO is “still a project” and could happen in 2017, Chief Executive Officer Stefano Sassisaid in an interview on Monday during Paris fashion week. He ruled out listing sooner because of recent market declines that have wiped billions off the value of luxury stocks.